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Vanguard Overwatch is Hardening Gaming Venues Against Financial Crime and Working Towards Minimising Gambling Harm

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Vanguard Overwatch is positioning itself as an essential partner for gaming venues and wagering operators, supporting them in navigating regulatory complexities and enhancing their operational integrity. Under the leadership of founder Paul Newson—whose impressive career spans regulation, governance, and public policy across several key domains—Vanguard Overwatch has launched a rigorous accreditation programme that redefines industry standards for anti-money laundering (AML) and responsible gambling practices.

At the core of Vanguard Overwatch’s approach is a comprehensive framework built on eight foundational pillars that ensure holistic evaluation and continuous improvement in key areas:

1. Strategy, Risk and Governance – Assessing board performance, strategic direction, risk appetite and governance structures to promote effective oversight, transparency and sustainability.

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2. Safer Gambling Approach – Reviewing how safer gambling principles are embedded within organisational strategies, fostering a culture prioritising player protection and harm prevention.

3. AML/CTF Policies and Procedures – Conducting thorough evaluations of AML/CTF policies to ensure compliance and cultivate a culture resistant to financial crime.

4. Compliance with Codes of Practice – Enhancing compliance culture and leadership, demonstrating adherence to regulatory expectations and reinforcing social licence.

5. Assurance and Implementation – Going beyond policy review to test practical implementation and culture through observations and targeted sampling.

6. Training and Development – Emphasising the importance of continuous learning to empower staff, ensuring they are well-equipped to meet regulatory and operational challenges.

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7. Compliance Culture – Promoting a transparent, ethically driven environment where compliance is embedded in decision-making and leadership behaviour.

8. Advertising, Marketing and Promotions – Ensuring responsible advertising practices that protect vulnerable groups and sustain public trust.

These pillars guide the accreditation process and reflect Vanguard Overwatch’s broader mission: to bolster ethical leadership, instil a proactive compliance culture and support continuous innovation within the industry. This approach allows gaming venues and wagering operators to strengthen their practices, align with the highest standards and confidently navigate an evolving regulatory environment while underscoring sector innovation and sustainability.

To complement its comprehensive accreditation framework, Vanguard Overwatch offers Reconnaissance, a preliminary health check service that provides a quick, high-level assessment of an organisation’s AML and responsible gambling arrangements. This service offers an authoritative snapshot that identifies the current state of compliance, pinpointing potential vulnerabilities and opportunities for improvement and remediation.

Another standout offering is Steward, a customisable service bundle tailored to provide specialised support to meet the specific needs of each organisation. This flexible solution includes priority regulatory advice and guidance, support for leadership teams and can be scaled up to provide comprehensive, turn-key solutions that cover strategic planning, compliance innovation and contributions to public policy and industry initiatives. By adapting to an organisation’s requirements, Steward empowers businesses to maintain robust compliance frameworks, drive continuous improvement and stay ahead in an ever-changing regulatory landscape.

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With these added services, Vanguard Overwatch underscores its commitment to empowering gaming and wagering operators through preliminary and comprehensive assessments, targeted guidance and continuous support, ensuring they not only navigate but thrive amid regulatory challenges.

Paul Newson’s vision for Vanguard Overwatch extends beyond meeting existing regulations; it sets a benchmark for excellence that builds trust and promotes industry sustainability. Through rigorous assurance and ongoing evaluations, Vanguard Overwatch enables organisations to enhance their operations, protect their reputations and demonstrate leadership in responsible gambling and compliance.

The post Vanguard Overwatch is Hardening Gaming Venues Against Financial Crime and Working Towards Minimising Gambling Harm appeared first on European Gaming Industry News.

Australia

Venues reminded to stick to the rules during the festive party season

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With the festive season in full swing, Liquor & Gaming NSW (L&GNSW) is reminding venues to follow the rules to ensure a smooth and successful summer.

Inspectors will visit hotels, clubs, bars, party boats, bottle shops, and other licensed venues throughout the holiday period to monitor adherence to regulations designed to minimise risks and protect patrons.

L&GNSW A/Executive Director Regulatory Operations Dimitri Argeres says it is important licensed venues maintain responsible practices during the festive season.

“We want venues and patrons to enjoy a fun and safe summer and festive season and having established good practices is key to achieving that,” Mr Argeres said.

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“Complying with the rules and having policies and procedures in place not only safeguards businesses but also ensures the wellbeing and safety of patrons.” 

Mr Argeres highlighted the need for proper training of seasonal and contract workers who are often hired to manage increased demand during the holidays.

“With many venues bringing on extra casual staff, it’s critical that all team members are fully trained, hold up-to-date Responsible Service of Alcohol (RSA) certificates, and are clear on their responsibilities,” he said.

Mr Argeres also reminded operators of the significant penalties for permitting minors to access alcohol, stressing the importance of strict ID checks on any patron who looks 25 years or under, or at the time of delivery for any purchase involving the same day or express delivery of liquor.

“As the year winds down, we typically see an increase in young people celebrating at licensed venues. It’s vital that operators, from cafés and restaurants to clubs and hotels, take responsibility to prevent intoxication and ensure alcohol isn’t sold or supplied to anyone under 18,” he said.

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“Significant penalties, including terms of imprisonment, apply to anyone selling or supplying alcohol to minors in NSW.” 

From 1 January 2025, venues must also adopt the updated Liquor Incident Register. L&GNSW will begin compliance checks early in the new year to ensure the new requirements are being met.

The post Venues reminded to stick to the rules during the festive party season appeared first on European Gaming Industry News.

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Australia

VGCCC: Shepparton Hotel Operator Fined $100,000

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Goulburn Valley Hotel (GVH) Shepparton Pty Ltd has been issued a $100,000 fine for providing false information to the Victorian Gambling and Casino Control Commission (VGCCC).

In November 2022, GVH applied for a licence to operate 40 poker machines at the Shepparton hotel but did not disclose that the licence nominee had been found guilty of 2 counts of negligently dealing with the proceeds of crime, without conviction, in June 2022.

VGCCC CEO Annette Kimmitt AM said it is a requirement under the Gambling Regulation Act 2003 (Vic) that criminal offending is disclosed as part of the licence application process.

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“By providing wrong information, an applicant impedes the regulator from fully assessing their suitability to hold a licence,” she said.

“We expect applicants to abide by the law and provide complete and accurate information. This is a critical part of ensuring that the gambling industry operates with safety and integrity and is free from criminal influence or exploitation.”

Ms Kimmitt said GVH’s cooperation with the investigation was taken into account in determining the fine.

“The $100,000 fine reflects the severity of the offence and should demonstrate to other applicants and operators that we’re serious about compliance with legal obligations.”

Additional licence and reporting conditions have been applied to GVH and another venue operator licence associated with the nominee, Pan Hotels Pty Ltd.

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The post VGCCC: Shepparton Hotel Operator Fined $100,000 appeared first on European Gaming Industry News.

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Australia

Aristocrat: Nomination of New Non-Executive Director

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Aristocrat Leisure Limited announced that Natasha Chand has been nominated as a Non-Executive Director of the Company, subject to the receipt of all relevant regulatory pre-approvals.

Ms Chand is based in the US and is a seasoned business and technology executive with over 25 years’ experience building and leading consumer brands globally. Ms Chand has held executive and advisory roles in strategy, business transformation, digital marketing and supply chain optimisation for companies including Levi Strauss, Target Australia, Amazon and McKinsey & Company. Ms Chand currently serves as a Non-Executive Director on the board of the NYSE-listed Hanesbrands Inc and is an advisor to early-stage and Fortune 500 companies, among other appointments.

Ms Chand holds an MBA from Stanford University and a degree in Business Administration from the University of Western Ontario, both with honours.

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Aristocrat Chairman, Mr Neil Chatfield, said: “I am delighted to welcome a colleague of Natasha’s calibre and experience to the Board. Natasha’s skills and global perspectives across areas including omni-channel and consumer strategy, digital technology and business transformation are highly relevant, in particular as Aristocrat deepens its presence in online RMG markets and executes its ambitious growth strategy. I look forward to Natasha’s contribution to our continued success.”

Ms Chand will stand for election as a Non-Executive Director at Aristocrat’s next Annual General Meeting.

The post Aristocrat: Nomination of New Non-Executive Director appeared first on European Gaming Industry News.

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