Infocredit Group and ARQ Group have recently signed a framework agreement with the Cyprus Gaming and Casino Supervision Commission for the provision of due diligence services. In particular, the contract refers to the conduct of enhanced global due diligence on persons or entities applying for a licence with or seeking approval by the Commission; on other relevant associates or individuals, in order to verify its or their identity, background, financial history, source of wealth and assess the relevant risk for corruption, terrorism, money laundering, political sanctions, and their reputation.
Both Infocredit Group and ARQ Group are key players in the field of risk and compliance. Their main capabilities focus on offering innovative AML solutions and enhanced due diligence/KYC reporting, which help organisations mitigate business risks by performing extensive background investigations and successfully vetting or monitoring third parties, while adhering to relevant regulations.
CYPRUS GAMING AND CASINO SUPERVISION COMMISSION
The Cyprus Gaming and Casino Supervision Commission, a semi-governmental organisation authorised and formed under the Casino Operations and Control Law 2015 and is the supervisory authority and regulator of casino gaming in Cyprus.