BET Entertainment Technologies Selects Accuity To Strengthen Its KYC and AML Compliance Controls
London, UK 27th November 2016 – BET Entertainment Technologies, a licensed online gambling company based in Portugal, has selected Accuity to boost its KYC (know your customer) and AML (anti-money laundering) compliance controls to help it meet new regulation imposed on the Portuguese gambling industry by the local regulator, the SRIJ (Serviços de Regulação e Inspeção de Jogos). BET Entertainment Technologies worked with its partner SSP, a Portuguese company specializing in AML and fraud detection, to select and implement the Accuity solution from the Fircosoft portfolio.
The Fircosoft solution is pre-packaged and pre-configured to screen BET Entertainment Technologies’ customers against sanctions and PEP lists to ensure BET is protected against regulatory and reputational risks. The solution allows BET Entertainment Technologies to cover the due diligence lifecycle – from real-time checks during the on-boarding process, to batch-screening of existing customers – to ensure BET knows whether its counterparties are implicated in fraud or money laundering activities.
Franck Lanher, EMEA sales director at Accuity, said: “I am very happy to welcome BET Entertainment Technologies as Accuity’s first customer in this sector in Portugal. Our Fircosoft technology is well known to the banking community and working with BET Entertainment Technologies is a clear demonstration that we can meet the compliance challenges of organisations in other sectors too. This new agreement is the result of our successful partnership with SSP in Portugal. SSP have been reselling, implementing and supporting the Accuity portfolio of Fircosoft solutions since 2004 and have developed strong expertise in managing local compliance topics.”
Gabino Oliveira, CEO of BET Entertainment Technologies said: “We needed to find a reliable solution to help us meet the SRIJ requirements and the Accuity solution matched our needs. It has been deployed very quickly and the solution is easy to use while preventing us from doing business with risky financial counterparties. We rely on Accuity to provide us with the certainly and assurance we need to do business and protect our reputation.”
For more information please contact:
Heather Smith, Accuity, mailto:email@example.com+44 (0)7342-069-456
Jose Costa, SSP firstname.lastname@example.org +351 215-904-930
Lara Joseph, Cognito, mailto:email@example.com+44 (0)783 746 2647
Notes to editors
About BET Entertainment Technologies
Bet Entertainment Technologies Limited (bet.pt) is an online sports betting pioneer in Portugal. The company offers a unique experience of sports betting through its online gaming platform built to provide a fun and exciting experience to its users. Spanning a wide sports offer, bet.pt intends to secure its place as a reference in the Portuguese market, always ensuring security and transparency in its services and products.
SSP is a Portuguese company specialized in Anti-Money Laundering and Fraud Detection. SSP has been operating since 1986 and has achieved since 2004 a leading national position on watch list screening due to the partnership with Accuity and its portfolio of Fircosoft solutions. SSP is totally focused on AML systems and is a provider of high specialized services on filtering and monitoring systems, systems integration and 1st and 2nd level support, to the major banks in Portugal.
Accuity offers a suite of innovative solutions for payments and compliance professionals, from comprehensive data and software that manage risk and compliance, to flexible tools that optimize payments pathways. With deep expertise and industry-leading data-enabled solutions from the Fircosoft, Bankers Almanac and NRS brands, our portfolio delivers protection for individual and organizational reputations.
Part of The RELX Group, one of the world’s leading business information and data providers, Accuity has been delivering solutions to banks and businesses worldwide for 180 years.
About the Fircosoft portfolio of solutions
As illegal financial activities increase around the globe, so has the danger to the reputations of payments and compliance professionals. Fircosoft’s portfolio of innovative data-enabled technology solutions, delivered through a high-touch consultative partnership, helps these professionals manage risk and avoid damage to the good names of individuals and organizations.
Fircosoft’s pioneering sanctions screening and data solutions set the standard for the industry, and our trade compliance expertise is unmatched. Fircosoft’s innovative software is so powerful, it’s deployed by nine of the world’s top ten banks— yet it can be scaled to meet the specific needs of any organization.