Managing Compliance in the Online Gaming World

April 10, 2017

Operators in the online gaming industry are facing an increasingly stringent and localised global regulatory environment. This makes multi-jurisdictional management of technical and licensing compliance to the latest regional regulations more and more complex.

 

Meeting the complex regulatory requirements of multiple jurisdictions is a must for larger sports betting and gaming companies.  Implementation of a licensing compliance programme can only enhance the effectiveness and efficiency of a team as discussed in our whitepaper.

 

 

The online gaming industry is undergoing a global shift towards a tighter and more localised regulatory environment. This makes management of technical and licensing compliance to the latest regionally-specific regulations across a constantly evolving, geographically diverse operational structure increasingly complex and costly.

Given this, it is becoming more critical than ever for an organisation's compliance function to be able to support the business as effectively as possible. Manual processes using spreadsheets and complex, static filing systems are, as discussed in our free whitepaper by an industry expert from a leading games supplier, time consuming, prone to human error and potential deadline misses.

Using software to consolidate, manage and automate the multiple process, workflows and evidence requirements that different jurisdictions need, enables compliance departments to work faster, with fewer errors and enables them to focus on higher value activities.

For example, despite the diversity of licencing standards across jurisdictions there are many common elements. With an automated system, you can gather this evidence once and apply it multiple times. Having one dynamic repository for all your obligations means less manual management, a lower risk of failure and faster turnaround times

Implementation of a licensing compliance programme can only enhance the effectiveness and efficiency of a team. By enabling transparency to regulation, the risks associated with licensing and lack of compliance can be lowered. 

Engaging individuals within an organisation to focus on their own areas of responsibility in a clear 'call to action' way would free up precious time for Compliance Officers to focus their attentions on the areas of higher risk.

LEADING GRC SOFTWARE SOLUTION
Find out how SAI Global's Compliance 360 GRC software assists online gaming operators navigate risk and comply with their obligations.

 

 

KINDRED GROUP DEPLOYS SAI GLOBAL'S GRC SOFTWARE COMPLIANCE 360
Find out why Kindred Group deployed SAI Global's Compliance 360 to help them manage their complex, multi-jurisdictional GRC programme.

 

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