Through Resolution 260 of 2013, the requirements for the adoption and implementation of the SIPLAFT Terrorist Financing and Asset Laundering Prevention and Control System were established in the localized and innovative gambling companies authorized by Coljuegos; where the regulator as an examiner must ensure due and adequate compliance with this regulation, preventing companies from being used as vehicles or facilitating channels for any type of criminal activity.
All Businessmen who currently have a Concession Contract with Coljuegos, should prepare a Manual of policies and procedures related to a risk management system, a Code of Conduct and hire "An appropriate compliance officer" for each company.
All types of contracts to the date have already built this System and are obliged to enforce it and adapt it according to the regulations and the needs of each operation.
For this and taking as its main axis the execution of effective practices in the gambling industry, the Third Meeting aims to provide experiences, tools and knowledge, generating first of all a culture of legality and compliance for its proper functioning.
"Betting on Good Practices, Legality and Transparency in the Gambling Sector", is the slogan that bears the name of the THIRD NATIONAL ENCOUNTER OF COMPULSORY OFFICERS OF THE GAMBLING SECTOR, soon to be held this Thursday, November 15 and Friday, November 16, 2018, at the Four Points Hotel By Sheraton in Medellín, which will have thematic axes, regulations, implementation, segmentation and compliance with the system of prevention and control of money laundering and financing of terrorism - SIPLAFT.
This meeting seeks to bring to a higher level the importance of a good management system for the prevention and control of ML / TF risk in the gaming industry; an adequate implementation of good practices for compliance officers of the real sector; counting on academic tools directed towards an adequate elaboration of a STR (suspicious operation report); a segmentation of risks for the sector; an awareness of the vulnerabilities and risks of LA and a sharing of doubts and concerns that exist regarding the work of the compliance officer in the gaming industry, recognizing the effectiveness of controls as prevention and mitigation of a risk.
This year, the Meeting will be held under the pillars of development of the Corporate Social Responsibility Project led by Cornazar, in order to work joint and positive actions in order to improve the habits of Compliance in our Sector.
I invite the Entrepreneurs and Compliance Managers to lead in a responsible and committed way this great work that they have, leaving in high all the performance that until now has fulfilled our sector of Gambling sector.
According to the Evaluation Report of the International Monetary Fund presented last week, where the level of compliance in Colombia was analyzed with respect to the 40 recommendations of the FATF International Financial Action Group and the AML / CFT effectiveness level, all the activities of the Sector Real including that of the Gambling one, must work to focus and improve their systems, achieving a better knowledge of the risks, knowledge of the client and elaborating a better supervision of the obligations that are generated.
"It's useless having an excellent system of prevention and control of ML / FT risks if we do not implement it and we carry out continuous follow-ups to it".
On the other hand, this meeting also seeks to give full relevance to the role played by a compliance officer; a position that few know but which, of course, fulfills a fundamental function within an organization, since it is in charge of monitoring the proper implementation and functioning of the Prevention of Money Laundering and Terrorism Financing System in an organization, where working together with all the entities that are part of it, they must adopt procedures and tools that envisage all the activities they carry out in pursuit of their corporate purpose and that adjust to their size, economic activity, form of commercialization, and other particular characteristics.
All compliance officers in our sector must have ongoing training and instruction to ensure high standards that can support continuous due diligence work, analysis of risk profiles and management of tools for detection, monitoring and reporting of suspicious operations
