Kinectify Advisors Launches Anti-Money Laundering Assessment Services for Online Gaming Market in Ontario, Canada

LAS VEGAS, NV, USA, Oct. 12, 2022 /EINPresswire.com/ — Kinectify Advisors, a comprehensive regulatory advisory practice specializing in helping video game organizations manage risk and maintain effective compliance with regulations, today announced new rating services that meet the needs of online gaming operators in Ontario’s growing market.

iGaming Ontario (iGO), a subsidiary of the Alcohol and Gaming Commission of Ontario (AGCO), requires all gaming operators to have an independent evaluation of their anti-money laundering program conducted annually by a qualified independent third party. . All operators that went live in 2022 must complete their first assessment by October 2023 and provide that assessment report to iGO within 30 days of completion.

Kinectify advisors can help game operators meet their assessment deadline and complete a pre-assessment, or health check, of their AML program. Pre-assessment services include the following:

– Understand the current status of their AML compliance program
– Self-identify problems or gaps well before their annual evaluation
– Create a roadmap and remediation plan to address identified gaps

“Having a qualified independent third party is critical to the success of an organization’s AML program,” said Ben Floyd, president of Kinectify Advisors. – “Globally, companies have been mandated to retain different third parties when an AML assessment has been found to be inadequate in terms of scope or quality. This creates additional costs and can damage the company’s brand reputation.”

A gaming organization’s assessment must be completed by October 2023 and submitted to iGO within 30 days. Kinectify Advisors has deep expertise in anti-money laundering in gaming with industry experts who have led top gaming organizations through some of the most high-profile regulatory actions:

– Decades of AML and gaming experience
– Expertise in AML compliance in Ontario with several clients in Canada
-Extensive experience with AML exams in multiple jurisdictions

If you would like to speak with Kinectify advisors about performing a health check or planning for your organization’s AML 2023 assessment, please visit www.kinectify.com.

Kinectify can also be contacted at:

[email protected]
(888) 984-4905
LinkedIn – https://www.linkedin.com/company/kinectify
Twitter- https://www.twitter.com

ABOUT KINECTIFY

Kinectify is an AML risk management technology company serving gaming operators in the United States and Canada. Kinectify’s modern AML platform seamlessly integrates all of an organization’s data into a single view and workflow allowing gaming companies to effectively manage risk across their business. Additionally, Kinectify’s consulting services enhance the capability of game operators with industry experts who can design and test programs, meet compliance deadlines, and even provide outsourcing services for day-to-day administration of games. compliance programs.

Alex Koritz
Kinectify
+1 801-450-8005
write to us here

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