INSIGHT
IGAMING COMPLIANCE AFRICA
Paul Jerram Head of Compliance, Sportingtech
“The regulatory landscape in Africa is sure to evolve in numerous ways over the
coming months, and we must
keep step. The Financial Action Task Force, the global money laundering and terrorist financing watchdog, has
recently placed Mozambique and Tanzania on its “grey list” of countries that supposedly have deficiencies in their
regimes to counter money laundering.”
Paul Jerram, Sportingtech
progress for most operators. Tey may have favourable regulatory regimes but, unless operators can reach consumers, their offerings may have limited impact. Mobile telecoms and internet penetration are obvious concerns for B2C operators looking to serve developing African jurisdictions.
As we see African nations develop on the world stage, the aspirations of countless consumers will rely on information found via mobile phone and internet services. Leisure and entertainment, including online sportsbook and casino technology, will be enjoyed by millions across the continent.
Utilising a quick and agile platform is key as operators need to remain on their feet in these markets. For example, operating in African jurisdictions with headline-grabbing Anti- Money Laundering and Responsible Gaming obligations means we need to be alert to local tech standards that require certifying by external test-houses.
Te iGaming industry has a thoroughly bright future on the continent of Africa - not only are sports a pillar of many countries there, but online casino entertainment is gradually becoming more familiar to a variety of markets across the region. An intimate knowledge of the regulatory landscape is necessary for success.
In Kenya, online gaming is still unregulated, but authorities ordinarily treat it with tolerance, with operators licensed in other jurisdictions largely operating freely. Tat said, we’re told that draft legislation to license online gaming was submitted in late May 2019, but we await the final legislative outcome.
Tanzania is one of only a few African nations to have embraced the licensing and regulation of gaming for some time. Operating here isn’t without its challenges, however, with the regulator insisting operators implement software that tracks transactions so they may be verified later.
Mozambique’s 2017 Gaming and Gambling Law is commonly viewed as liberal and operator friendly. However, Zambia’s licensing regime for online gaming is less straightforward than others, but a select few operators have obtained licences.
Several other markets show potential, but local infrastructure represents the major barrier to
P86 WIRE / PULSE / INSIGHT / REPORTS
Technical compliance functionaries and other stakeholders play a vital role in achieving certification, so maintaining the right balance of technological talent and proactive stakeholders for a compliance team is vital.
Te regulatory landscape in Africa is sure to evolve in numerous ways over the coming months, and we must keep step. Te Financial Action Task Force, the global money laundering and terrorist financing watchdog, has recently placed Mozambique and Tanzania on its “grey list” of countries that supposedly have deficiencies in their regimes to counter money laundering.
Te political will of both jurisdictions, along with legislation and subordinate regulation, will more than likely be key to addressing their grey listing. Needless to say, Sportingtech’s compliance team is monitoring these jurisdictions closely.
With several other African nations already on FATF’s grey list, operators unaccustomed to serving high-risk jurisdictions will ordinarily, as a minimum, need to expend a great deal of time and money with introducing enhanced AML measures. Tat’s if their platform providers have no experience with grey-listed nations on the African continent.
Subsequent legislative and regulatory reforms are doubtless on the horizon, which is why Sportingtech is enhancing its compliance division in pace with fast-moving change in Africa.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162
