Betfred beefs up compliance training
News on 1 Oct 2018
News on 1 Oct 2018
Online and retail bookmaker Betfred is taking the increasing focus on regulatory compliance in the gambling industry seriously, announcing this week that it is to beef up staff and training programs, and has hired the Isle of Man based SMP eGaming consultancy to implement its Compliance Academy.
SMG specialises in multi-jurisdictional compliance, AML frameworks and fraud prevention.
The consultancy has developed the Compliance Academy concept, through which Betfred staff will be trained in a “continued professional development”, CDP-certified system.
The Academy will additionally provide a knowledge centre and document repository for senior management at Betfred in regard to policy and operational procedure development.
Adele Farrell, director of Digital Compliance at Betfred, said: “The platform provided by SMP Compliance Academy provides a powerful tool and voice, not only to deliver the obligatory training and company policy and procedures that Betfred requires, but also to instil a positive and responsible compliance culture.
“The platform allows us to apply a risk-based approach to our training via the powerful analytical tools, which can be used to identify any training deficiencies within the business.
“We are committed to the ongoing training of our staff, ensuring they have the latest relevant knowledge and skills, and the SMP Compliance Academy meets all our requirements perfectly.”
News on 1 Oct 2018
Online and retail bookmaker Betfred is taking the increasing focus on regulatory compliance in the gambling industry seriously, announcing this week that it is to beef up staff and training programs, and has hired the Isle of Man based SMP eGaming consultancy to implement its Compliance Academy.
SMG specialises in multi-jurisdictional compliance, AML frameworks and fraud prevention.
The consultancy has developed the Compliance Academy concept, through which Betfred staff will be trained in a “continued professional development”, CDP-certified system.
The Academy will additionally provide a knowledge centre and document repository for senior management at Betfred in regard to policy and operational procedure development.
Adele Farrell, director of Digital Compliance at Betfred, said: “The platform provided by SMP Compliance Academy provides a powerful tool and voice, not only to deliver the obligatory training and company policy and procedures that Betfred requires, but also to instil a positive and responsible compliance culture.
“The platform allows us to apply a risk-based approach to our training via the powerful analytical tools, which can be used to identify any training deficiencies within the business.
“We are committed to the ongoing training of our staff, ensuring they have the latest relevant knowledge and skills, and the SMP Compliance Academy meets all our requirements perfectly.”
