News

Reps seek measures to halt money laundering through gaming

In order to checkmate money laundering in the gaming industry, the House of Representatives has urged the National Lottery Regulatory Commission to ensure that all gaming operators in Nigeria integrate the National Identity (NIN) in their data collection for the verification and identification of customers.

The call was made after a motion sponsored by Hon. Ibrahim A. Isiaka was adopted at the Thursday plenary.

Presenting the motion, Hon. Isiaka noted that the global gaming market is undoubtedly a huge one estimated to generate between $400 to $500 billion yearly and with the consistency of the current trends, by 2022, it is set to be worth around $565 billion with increasing amounts of revenues coming from online gaming in its many forms.

He expressed reservations that when such large amounts of money are exchanged and transacted quickly through relatively anonymous interactions, there is a significant risk that criminals will be tempted to use the situation for money laundering.

“Mindful that with age-restricted businesses like casinos and online gaming platforms, the critical barrier to entry for customers is age and identity verification, therefore there is an increased need for such verifications in virtual situations in order to secure both the customers and the operators.

“Cognisant that one of the basic purposes of the National Identity Number is for identification, as it not only serves to identify the individual holder but also curbs duplication of identities,” he submitted.

The motion was unanimously adopted and the House committee on governmental affairs mandated to follow up.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica