Compliance Updates
Vixio Announces the Finalists for the 2024 Global Regulatory Awards
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4 hours ago
on
August 6, 2024
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Vixio, a leading provider of regulatory intelligence solutions, has unveiled its 2024 Global Regulatory Awards (GRAs) shortlist.
Now in their eighth year, the GRAs recognise and celebrate the achievements of individuals, teams, and organisations in the gambling industry that have excelled in compliance, corporate social responsibility, and safer gambling.
âCongratulations to everyone who made the shortlist this year. It is a significant achievement as weâve received a record number of submissions, making 2024 the most competitive yet. Each year, we see growing interest in the GRAs, proving the industryâs recognition of the importance of compliance and the need for continuous excellence in this area,â stated Mike Woolfrey, CEO of Vixio.
Woolfrey added, âThank you to the judging panel for your rigorous and independent evaluation to ensure the awardsâ integrity. We look forward to seeing many of you at the GRAs awards ceremony.â
The 2024 Global Regulatory Awards presentation will take place on December 4th at the De Vere Grand Connaught Rooms in London. Due to the awardsâ popularity, tables will sell out fast. Vixio advises booking now to ensure you donât miss out.
The 2024 recipient of the Compliance Lifetime Achievement Special Award, sponsored by eCogra, will be named via a separate special announcement prior to the Global Regulatory Awards ceremony.
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Thailandâs future casino regulatory body will be based in Bangkok with branches located strategically around the country, reporting directly to a new Policy Committee to be chaired by the Prime Minister, a draft casino bill made public on last Friday reveals.
It also outlines a multi-level approach by which the Policy Committee will be supported by an Executive Committee tasked with establishing the budgetary and staffing entitlements of the regulator itself.
The 22-page draft bill is currently open for public feedback until 18 August, having been released by Thailandâs Council of State after months of discussions.
According to the bill, key to formally legalising âintegrated entertainment venuesâ with casinos in Thailand will be establishing an office to regulate them with a stated purpose to âregulate, supervise, control, promote, and support integrated entertainment venues in accordanceâ with the Act.
This regulatory body âwill have its head office in Bangkok and will establish branches or representatives at any other place as necessary,â the bill says.
Among its stated tasks are supervising, inspecting and monitoring the operations of integrated entertainment venues, addressing public complaints, preventing and remedying âimpactsâ arising from the venues, and determining the characteristics of individuals prohibited from entering a casino area.
In charge of establishing key casino policy, including those around management, the issuance of licenses, tax rates, permitted business nature, entry levies and restrictions, employee criteria, executive criteria and permitted casino floor space, will be the Policy Committee â to be chaired by Thailandâs Prime Minister and with the Deputy Prime Minister as Vice Chairman.
It will also comprise nine senior government officials as directors including the Minister of Finance, Minister of Tourism and Sports, Minister of Social Development and Human Security, Minister of Commerce, Minister of the Interior, Minister of Justice, Commissioner of the Royal Thai Police, Secretary-General of the National Defense Commission and Secretary-General of the Board of Investment, plus six qualified members appointed by the Prime Minister âwith knowledge and ability in economics business administration, law or society.â
Those six expert committee members must be Thai nationals and at least 35 years of age. They must not be a government official or an employee of any state agency, have previously held political positions, hold any criminal record or be âan incompetent person or a quasi-incompetent person.â
The Executive Committee, working under the Policy Committee, will be chaired by a person appointed by the Prime Minister and boast nine permanent secretaries from the aforementioned ministries and departments, plus three expert members also appointed by the PM.
According to the bill, licensees will be granted an initial 30-year license term, reviewable every five years, while there are 10 business types listed that can form part of Thailandâs âintegrated entertainment venuesâ â Department store; Hotel; Restaurant, nightclub, discotheque, pub or bar; Stadium; Yacht and Cruising Club; Gaming; Swimming pools and water parks; Amusement park; Area for promoting Thai culture and OTOP products; Other businesses as specified by the Policy Committee.
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Flows, the industryâs leading no-code automation platform, has been awarded ISO certification for its platform following an extensive review of its systems, framework, and practices.
Flows has earned ISO 27001 certification, highlighting its commitment to quality and international standards. This globally recognised certification demonstrates Flowsâ efficient management processes and solidifies its credibility and trustworthiness within the tech sector.
Flows ensures excellent service delivery, reliability, and the ability to meet growing service demands, reflecting its dedication to high standards.
Flows CPO, Andrew Doublesin, said: âSince the inception of Flows nearly three years ago weâve focused on aligning our processes, security and systems with the highest industry standards. Earning the ISO certification is a proud moment for us and a reflection of this commitment by the whole team here at Flows. This stamp of excellence also opens up opportunities in certain regulations where ISO 27001 is required in order to provide technical solutions and so continues our rapid market acceleration.â
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