Betway Ghana’s Director and company secretary, Dr. Kweku Ainuson joined other panelist at the Mobex Africa Tech Expo as they discussed mobile money and its regulations in e-commerce. Dr. Ainuson, whilst speaking, highlighted the need for stringent regulations in the mobile money industry as far as the sports betting industry is concerned.
He further explained that a well-regulated mobile money sector would enhance rapid growth of e-commerce in Ghana and boost the confidence of key players in the sector. He mentioned the measures being put in place by leading online sports betting company, Betway Ghana with respect to monitoring and supervising the betting landscape for money laundry and underage betting.
He said, “We have adopted a zero tolerance to money laundering or any financial crime. A compliance officer has been appointed and we are offering extensive training to staff on the company’s view, spotting and reporting of such activities.”
Dr. Ainuson further touched on sanctions and measures in place to help monitor and minimise any such activities. Relationships with players who are suspected of money laundering or any financial crime will be terminated.
“Such suspicions will be investigated thoroughly and actions taken accordingly. Guilty parties will be reported to the appropriate law enforcement organisations” he said.
Mobex Africa Tech Expo is a platform aimed at creating opportunities for local technology innovators and start-ups. This year’s Mobex Africa Tech Expo was held at the Kempinski Hotel in Accra under the theme “E-Finance; Future of Payments And Banking.”
About the Betway Group
The Betway Group is a leading provider of first-class entertainment across sports betting and casino. Launched in 2006, the company operates across a number of regulated online markets and holds licences in Kenya, Uganda, Ghana, South Africa, Zambia, Mozambique and Nigeria.
Betway prides itself on providing its customers with a bespoke, fun and informed betting experience, supported by a safe and secure environment.
For more information about Betway please visit: www.betway.com.gh