BETWAY Ghana maintains regulatory compliance

BETWAY Ghana maintains regulatory compliance

As part of measures taken to comply with gaming regulations, Betway has put in place several verification steps to ensure that its users are over the age of eighteen years.

The process of creating a Betway account requires you to provide details of a valid ID (Voters, Driver’s Licence or Passport) and mobile money number which should be registered in the account bearer’s name.

Speaking at a one-day regulatory compliance workshop with key stakeholders in Takoradi, Director for Betway Dr. Kweku Ainuson stated that Betway, as a company, operates in an industry that is highly regulated; and these regulatory issues affect key stakeholders who patronise the business.

“It is therefore important to have these gatherings to pave the way for interactions aimed at correcting all the negatives and getting feedback which can be incorporated into our business,” he noted.

He further indicated that as part of measures to comply with anti-money laundering, Betway applies many software tools that flag money launderers and also has an Anti-Money Laundering Regulatory Officer (AMLRO) for this purpose.

The Sub-Metro Chairman for the Sekondi-Takoradi Metropolitan Assembly (STMA), Prince Arthur, explained that as an Assembly they do not entertain businesses which do not comply with laid-down regulations.

He added that to permit a business of such nature to operate within the metropolis, it needs to acquire a licence from the Registrar-General’s Department, Gaming Commission and Ghana Tourism Authority.

He reiterated the need to continue organising such engagements to sensitise the public on responsible betting and promote compliance in the sports betting industry.

He further admonished assembly members to serve as watchdogs to ensure that betting centres are adhering to all regulations, and promised to strictly enforce the law.

The leading sports betting company Betway will continue to engage stakeholders in the various communities on regulatory compliance in Ghana. They are scheduled to stop in Cape Coast for the next edition of the regulatory compliance workshop.

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