What has served Brinsop very well is that because of its experience during the early years of gambling regulation in Gibraltar and worldwide, it can trace the origin of the various requirements in present day gambling regulation and what the aims of these requirements originally were and how these requirements have developed over the years. This insight has proved invaluable to be able interpret gambling legal and regulatory requirements effectively and efficiently, and to structure the business’ operations to be consistent with its regulatory requirements.
Issue
Legal, regulatory and licensing requirements that businesses must comply with are in a constant state of flux.
On every occasion there are changes to these legal, regulatory and licensing requirements, it obliges these licensed businesses to effect changes to their existing internal compliance measures to be able to comply with these changes.
These changes are often significant and obliges businesses to stretch, and on occasions over stretch, existing technical and human resources to identify the changes required and to implement these changes effectively.
Problem
This poses the risk that the changes to be made are not adequately identified and implemented, other compliance and commercial items of work or projects are put on hold or relegated in terms of priority (and its implementation delayed), and staff members are relocated to cover functions that are not areas of expertise for them (on occasions compliance vacancies are advertised to manage these changes and where expertise and experience necessary are a scarcity, but persons are nonetheless employed often to an improperly thought through and loosely defined role hastily put together).
Solution
Brinsop Ltd can take away the worry of keeping up with the changing regulation.
We can help your Licence applications for jurisdictions worldwide;
Development of policy and procedure documents to comply with regulations;
Advice on systems and setting up of processes for the business to monitor KPIs re: compliance;
Setting up a compliance corporate governance structure to remain compliant at all times;
Development and delivery of training material and guidance to raise awareness of various aspects of compliance (e.g. AML, Socially responsible gambling, sports betting integrity, marketing and advertising requirements, training for senior and executive management and ‘Personal Management Licence’ (“PML”) holders); and
Consulting services and advice on specific and/or general compliance matters.
We can do this in a time efficient, cost effective manner by offering your company consultancy services.
We know the ‘spirit’ in which regulation is written and the objectives of the regulatory requirements, not just the ‘letter’ of regulation.
Find out more about our what services we offer