Kinectify has joined forces with Betty Gaming in a bid to enhance compliance advisory services for online casino gaming in Ontario.
Betty is currently preparing to launch in the Canadian province after being granted a licence to operate by the Alcohol and Gaming Commission of Ontario (AGCO) in January.
The firm expects to go live in Q2 after recently raising a $5m seed round and has now made further moves to ensure its online casino operations are in compliance with AML regulations ahead of its launch date.
“At Betty, we believe that compliance is not just a legal obligation, but a crucial element in building a trustworthy and sustainable business”, said Vlad Pavlov, Betty Co-Founder.
“Kinectify’s unwavering commitment to excellence in regulatory compliance has been invaluable in ensuring our business operates with the highest level of integrity. We are proud to have them as a trusting partner and look forward to continuing our collaboration.”
Kinectify Advisors, a Kinectify company focused on compliance advisory services, supported Betty with its licensing in Ontario and the development of its AML program, including preparing its AGCO Control Activity Matrix, Operator Risk Assessment, AML policy and operational procedures, Responsible Gaming policies, and AML training.
Kinectify is now committed to providing Betty with outsourced compliance services that can be paired with Kinectify Technologies, offering ‘modern and cutting-edge AML tech’ that includes player risk scoring, responsible gaming risk scoring, transaction monitoring, and case management designed for Ontario.
This move is part of Betty’s overall strategy to ‘create a unique and enjoyable gaming experience’ while ensuring full compliance with AML regulations.
“We are excited to partner with Betty to enhance their compliance services for iCasino gaming,” added Kinectify CEO, Joseph Martin.
“Many of our clients enjoy the peace of mind that their compliance program is in capable and experienced hands, allowing them to focus on what matters most: building their business.”