Stringent know-your-customer and anti-money laundering regulations in the UK has brought down the global percentage of fraudulent online gaming accounts for the first time in five years.
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The Story
In its 2019 Holiday New Account Fraud Report, Jumio revealed that the number of fraudulent online gaming accounts declined for the first time after a steady five-year increase. Jumio reported that in 2014, the online gaming industry saw fraudulent accounts in .85% of the cases. It peaked at 4.21% last year but dropped to 2.52% in 2019. The global decline in fraudulent transactions in the online gaming space can be attributed to the tightening online gaming market in the U.K. This year saw improved and tightened regulations regarding know-your-customer and anti-money-laundering procedures that have been implemented by the U.K. Gambling Commission.
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CalvinAyre.com’s Becky Liggero Fontana interviewed the Iowa Gaming Association President and CEO on how they helped the state achieve its current success.
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Dutch Justice Minister Ferdinand Grapperhaus has proposed that digital money scammers serve up to six years in prison—up from the one to four years they currently face.
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Swisscasinos.ch customers can now play Red Tiger’s popular games such as Mega Rise, Dragon’s Fire Megaways and Pirates’ Plenty: Battle for Gold.
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Congratulations to Rasmus Kjærgaard for being picked as the new CEO for Mindway AI! Kjærgaard was previously the Vice President for Sales at Signaturgruppen A/S, where was also a part of the board covering commercial aspects of the business.
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One important key to success is self-confidence.
