Thanks Clevfan for the read
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US agency praises local gaming regulations
Monday July 03 2006
ANTIGUA SUN
by Nikisha Smith
Antigua & Barbuda is on a continued campaign to prove to the United States the high standard of its Internet gaming regulations.
Last week Thursday, a total of 18 officials from Inland Revenue, Office of National Drug Control Policy (ONDCP), and Antigua & Barbuda Financial Services Regulatory Commission (FSRC) received certification for training in the best practices in Internet gaming. The course lasted four days.
The training was conducted by four representatives of the US Treasury Office of Technical Assistance.
Some of the topics included money laundering, using the Internet to do research, operator training, and updated regulatory structures.
Kaye McDonald, director of gaming, FSRC Division of Gaming, said Antigua & Barbuda was credited for its existing regulatory structure.
"They commended us for our regulations and what we have been doing in Internet gaming especially with our anti-money laundering laws; they were very impressed with that.
"I am pleased, given the fact that, you know, those that have always touted that Internet gaming can be used as a conduit for money laundering, that an agency in the United States can make comments that our anti-money laundering policies are way advanced. That's a great achievement for the country."
McDonald stated that while the general training was not applicable to the country's advanced system, the country was always looking to improve, given any assistance that was offered.
"We figure that we are always looking to improve the technical and human capacity of our staff. So, any technical assistance we are going to get, we'll make certain to hold on to that. However, based on the scope of it, we definitely could have had more specific training," she stated.
McDonald said given the US' reluctance to approve cross border Internet gaming, when the officials return to the States, they can assure others that Antigua's regulations were in place to deal with any concerns.
"That's the only way we can grow and have a shared understanding of what we are doing here in Antigua," the director of gaming said.
The nation and the US have been at cross bars over Internet gaming for a number of years, especially since the World Trade Organisation voted in Antigua's favour to remove restrictions to the process.
It is diplomacy at work, McDonald said about the ability for the two countries to still cooperate even when they are cross purposes on one issue.
http://www.antiguasun.com/pape...4089707032006&ac=Local
********
US agency praises local gaming regulations
Monday July 03 2006
ANTIGUA SUN
by Nikisha Smith
Antigua & Barbuda is on a continued campaign to prove to the United States the high standard of its Internet gaming regulations.
Last week Thursday, a total of 18 officials from Inland Revenue, Office of National Drug Control Policy (ONDCP), and Antigua & Barbuda Financial Services Regulatory Commission (FSRC) received certification for training in the best practices in Internet gaming. The course lasted four days.
The training was conducted by four representatives of the US Treasury Office of Technical Assistance.
Some of the topics included money laundering, using the Internet to do research, operator training, and updated regulatory structures.
Kaye McDonald, director of gaming, FSRC Division of Gaming, said Antigua & Barbuda was credited for its existing regulatory structure.
"They commended us for our regulations and what we have been doing in Internet gaming especially with our anti-money laundering laws; they were very impressed with that.
"I am pleased, given the fact that, you know, those that have always touted that Internet gaming can be used as a conduit for money laundering, that an agency in the United States can make comments that our anti-money laundering policies are way advanced. That's a great achievement for the country."
McDonald stated that while the general training was not applicable to the country's advanced system, the country was always looking to improve, given any assistance that was offered.
"We figure that we are always looking to improve the technical and human capacity of our staff. So, any technical assistance we are going to get, we'll make certain to hold on to that. However, based on the scope of it, we definitely could have had more specific training," she stated.
McDonald said given the US' reluctance to approve cross border Internet gaming, when the officials return to the States, they can assure others that Antigua's regulations were in place to deal with any concerns.
"That's the only way we can grow and have a shared understanding of what we are doing here in Antigua," the director of gaming said.
The nation and the US have been at cross bars over Internet gaming for a number of years, especially since the World Trade Organisation voted in Antigua's favour to remove restrictions to the process.
It is diplomacy at work, McDonald said about the ability for the two countries to still cooperate even when they are cross purposes on one issue.
http://www.antiguasun.com/pape...4089707032006&ac=Local
