“The public gaming sector has such sophisticated and complex compliance that when someone turns to a bank to open a current account they should open it without any particular problems. Preventing a gaming operator from opening a current account or closing it just because it belongs to a so-called risk sector means preventing the State from carrying out its activity to combat crime". This is what he declared Geronimo Cardia (in the photo), President of ACADI – Association of public gaming concessionaires, who spoke today at the conference “Play&Comply, the challenges of compliance in the gaming industry” at the Finance Forum in Lugano.
In his speech on the "Integrated compliance of public gaming operators in Italy" - writes Ansa -, Cardia highlighted the obligations that concern the sector and which can be taken into account in the context of the enhanced verification activities of banks for the opening of operators' current accounts: "When verifying the operator for the opening of his banking relationship, account is taken of the extraordinary compliance rules in which he actively participates and which make him, to all intents and purposes, a in charge of a public service, a person active in the execution of the obligations of traceability of financial flows, protagonist in the activity desired by the legislator of transferring into the banking circuit the sums gambled in cash on state products which represent in all respects state resources. In carrying out this type of activity, the operator essentially contributes to combating illegal phenomena".
“With the approval of the amendment to the Asset Decree, principles already crystallized by the legal system have been established which censor any form of unjustified de-risking. In any case, from today it will also be possible to verify the clarity and transparency regarding the banks' procedures as well as the practices actually implemented", concluded Cardia.
