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Showing posts with label game. Show all posts

EFCC Charges Casino, Gaming Operators on Compliance With AML/ CFT Regulations

EFCC Charges Casino, Gaming Operators on Compliance With AML/ CFT Regulations


The Economic and Financial Crimes Commission, EFCC, has charged operators in both the casino and gaming sectors in the country to comply with  Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) laws in their operations.


This call was made in Lagos on Thursday, June 13, 2024 at a workshop tagged “Promoting Implementation of Customer Due Diligence and Targeted Financial Sanctions (TFS) Requirements in Casinos and Gaming Sector" organized by the Special Control Unit against Money Laundering (SCUML), a Department in the EFCC.


Speaking at the occasion, Michael T. Wetkas,  acting Lagos Zonal Director of the EFCC,  who declared the workshop open, said: “ We acknowledge and appreciate your significant contributions to the nation's economic growth.  However, we urge you to ensure that your operations align with the provisions of the law”.


Wetkas, who was represented by Richard  Adejumo, Head, Foreign Exchange Malpractices Section, EFCC, Lagos Zonal Command, added that “Our goal is to support Nigeria's efforts to exit the FATF (Financial Action Task Force) list. A key area of focus is enhancing Know Your Customer (KYC) practices, which will help prevent Politically Exposed Persons (PEPs) from using your platforms for money laundering and embezzlement."


Earlier, Pascal Samu, acting Deputy Director, SCUML, EFCC Headquarters, said: “This event must be seen as part of the continued partnership between SCUML and  stakeholders in the gaming industry towards the development of an effective, sustainable and mutually beneficial AML/CFT supervision of the sector in Nigeria.”


He further explained that as industry operators, they must continue to promote the adoption of measures, such as customers’ due diligence, detection and filing of suspicious transaction reports, implementation of targeted financial sanction and beneficial ownership verification, among others.


According to him, “This will strengthen your compliance and build a common formidable response against terrorist financiers and other criminal elements seeking to abuse the sector.”


He also stated that the workshop, in addition to building individual operator’s capacity, would also enable a cross-fertilization of ideas and experience-sharing across the industry.”


In his remarks,  Bashiru Are, Executive Director of Lagos State Lotteries Board, LSLB, urged the participants to take the issue of compliance seriously.


In her presentation titled “Overview of Typology Studies( Corruption and Money Laundering)”,  Ibinabo Mary Amachree, Head, SCUML Lagos, exposed  participants to the  various methods, patterns, and techniques that criminals use in exploiting casinos operators and how to avoid falling prey to them.


She also encouraged participants to support the EFCC in its efforts to combat money laundering and terrorism financing.


Folashade Oluwasanya, a senior Compliance Officer with SCUML, Lagos, delivered a lecture on “ Implementing Targeted Financial  Sanctions in the Casino Sector”, while  Sylvester Akpan, also an officer in SCUML, Lagos, spoke on “ The Importance  of Know Your Customers,KYC,/ Customer Due Diligence”.

 


Source: EFCC 


The Economic and Financial Crimes Commission, EFCC, has charged operators in both the casino and gaming sectors in the country to comply with  Anti-Money Laundering and Counter Terrorism Financing (AML/CFT) laws in their operations.


This call was made in Lagos on Thursday, June 13, 2024 at a workshop tagged “Promoting Implementation of Customer Due Diligence and Targeted Financial Sanctions (TFS) Requirements in Casinos and Gaming Sector" organized by the Special Control Unit against Money Laundering (SCUML), a Department in the EFCC.


Speaking at the occasion, Michael T. Wetkas,  acting Lagos Zonal Director of the EFCC,  who declared the workshop open, said: “ We acknowledge and appreciate your significant contributions to the nation's economic growth.  However, we urge you to ensure that your operations align with the provisions of the law”.


Wetkas, who was represented by Richard  Adejumo, Head, Foreign Exchange Malpractices Section, EFCC, Lagos Zonal Command, added that “Our goal is to support Nigeria's efforts to exit the FATF (Financial Action Task Force) list. A key area of focus is enhancing Know Your Customer (KYC) practices, which will help prevent Politically Exposed Persons (PEPs) from using your platforms for money laundering and embezzlement."


Earlier, Pascal Samu, acting Deputy Director, SCUML, EFCC Headquarters, said: “This event must be seen as part of the continued partnership between SCUML and  stakeholders in the gaming industry towards the development of an effective, sustainable and mutually beneficial AML/CFT supervision of the sector in Nigeria.”


He further explained that as industry operators, they must continue to promote the adoption of measures, such as customers’ due diligence, detection and filing of suspicious transaction reports, implementation of targeted financial sanction and beneficial ownership verification, among others.


According to him, “This will strengthen your compliance and build a common formidable response against terrorist financiers and other criminal elements seeking to abuse the sector.”


He also stated that the workshop, in addition to building individual operator’s capacity, would also enable a cross-fertilization of ideas and experience-sharing across the industry.”


In his remarks,  Bashiru Are, Executive Director of Lagos State Lotteries Board, LSLB, urged the participants to take the issue of compliance seriously.


In her presentation titled “Overview of Typology Studies( Corruption and Money Laundering)”,  Ibinabo Mary Amachree, Head, SCUML Lagos, exposed  participants to the  various methods, patterns, and techniques that criminals use in exploiting casinos operators and how to avoid falling prey to them.


She also encouraged participants to support the EFCC in its efforts to combat money laundering and terrorism financing.


Folashade Oluwasanya, a senior Compliance Officer with SCUML, Lagos, delivered a lecture on “ Implementing Targeted Financial  Sanctions in the Casino Sector”, while  Sylvester Akpan, also an officer in SCUML, Lagos, spoke on “ The Importance  of Know Your Customers,KYC,/ Customer Due Diligence”.

 


Source: EFCC 

Yoruba People Are So Loud... You Can Smell A Nigerian From A Mile Away - Iwobi Boasts

Yoruba People Are So Loud... You Can Smell A Nigerian From A Mile Away - Iwobi Boasts

Alexander Chuka Iwobi

Fulham and Super Eagles midfielder Alexander Chuka Iwobi has revealed what he loves about being a Nigerian.

Iwobi stated this in a recent interview with Kiss Fresh, London, United Kingdom.


When asked, “What do you love about Nigerians and being Nigerian?” Iwobi replied, “You can smell a Nigerian from a mile away. Our mannerisms are so Nigerian, especially Yoruba people. Yoruba people are so loud.


"My favourite thing about the country is that everyone is so welcoming, rich in hospitality and it’s like one big family. Everyone who is doing well tries to give back to their communities. Every footballer that I am with always try to give back to where they come from. That’s an amazing thing.


“The first thing I do whenever I land in Nigeria and I’m in my hotel room, I order pounded yam and egusi.”


On his choice of Nigeria instead of England, Iwobi stated he respects England but feels more at home in Nigeria, adding that football in Nigeria is like a festival, stressing that the entertaining atmosphere in Nigerian stadia gives him a sense of belonging.


“I actually felt more at home in Nigeria. Football out there is like a festival, it’s like a party. You go into the game, you see people blowing trumpets, and drums, it doesn’t even feel like a proper match. I was like, ‘Yeah, this is where I belong.’


“Of course, I have respect for England but I have no regret in choosing Nigeria.”




Iwobi represented England up to under-18 level. He made his senior international debut for Nigeria in October 2015.


The 28 years old Alexander Chuka Iwobi MON is a Nigerian professional footballer who plays as a midfielder for Premier League club Fulham and the Nigeria national team.


Iwobi began his career at Arsenal, making 149 appearances and scoring fifteen goals.


The Playmaker is expected to boss the Super Eagles midfield when they play South Africa next weekend.




Source: Social media

Alexander Chuka Iwobi

Fulham and Super Eagles midfielder Alexander Chuka Iwobi has revealed what he loves about being a Nigerian.

Iwobi stated this in a recent interview with Kiss Fresh, London, United Kingdom.


When asked, “What do you love about Nigerians and being Nigerian?” Iwobi replied, “You can smell a Nigerian from a mile away. Our mannerisms are so Nigerian, especially Yoruba people. Yoruba people are so loud.


"My favourite thing about the country is that everyone is so welcoming, rich in hospitality and it’s like one big family. Everyone who is doing well tries to give back to their communities. Every footballer that I am with always try to give back to where they come from. That’s an amazing thing.


“The first thing I do whenever I land in Nigeria and I’m in my hotel room, I order pounded yam and egusi.”


On his choice of Nigeria instead of England, Iwobi stated he respects England but feels more at home in Nigeria, adding that football in Nigeria is like a festival, stressing that the entertaining atmosphere in Nigerian stadia gives him a sense of belonging.


“I actually felt more at home in Nigeria. Football out there is like a festival, it’s like a party. You go into the game, you see people blowing trumpets, and drums, it doesn’t even feel like a proper match. I was like, ‘Yeah, this is where I belong.’


“Of course, I have respect for England but I have no regret in choosing Nigeria.”




Iwobi represented England up to under-18 level. He made his senior international debut for Nigeria in October 2015.


The 28 years old Alexander Chuka Iwobi MON is a Nigerian professional footballer who plays as a midfielder for Premier League club Fulham and the Nigeria national team.


Iwobi began his career at Arsenal, making 149 appearances and scoring fifteen goals.


The Playmaker is expected to boss the Super Eagles midfield when they play South Africa next weekend.




Source: Social media

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