In the last year alone, KYC has been highlighted by the Gambling Commission as a focal point for the industry. In February, the Gambling Commission announced a series of new KYC and age verification requirements, and shortly afterwards a Responsible Gambling Strategy was published.
Additionally, in the last three years, Gambling Commission fines for failing to protect players have grown by 1,100%.
Complying with modern anti-money laundering (AML) and responsible gambling requirements is no walk in the park, and all too often operators are found to be falling short. In the face of this heightened focus, the KYC and enhanced due diligence technology supplier, HooYu, will host a webinar on September 11 titled “How UYC (Understand your customer) is now as important as KYC“.
Stephen Carter, Editorial Director at iGaming Business will moderate the webinar, which will also feature Mike Ferrier MBE, a gaming compliance and fraud prevention professional with considerable experience gained within digital and physical operations, and Simon Kelman, product marketing manager for HooYu.
In this webinar, the panel will discuss a recent HooYu white paper, covering:
• Why source of fund checks are so important
• What is UYC, how it can help and what makes it different from KYC?
• How you can speed-up onboarding and conduct checks throughout a players lifecycle