Archive for the ‘Free Pokies Aristocrat’ Category

Billy Walters Received Insider Information Via ‚Bat Phone,‘ Jury Hears

Mittwoch, März 11th, 2020

Billy Walters Received Insider Information Via ‚Bat Phone,‘ Jury Hears

Former president of Dean Foods Thomas Davis told a Manhattan court that is federal Tuesday he regularly shared privileged insider information in regards to the company with Vegas sports betting legend Billy Walters.

Sports betting Billy Walters faces multiple costs of wire fraudulence and securities fraud.The alleged source of insider information, his former buddy, Thomas Davis, testified against him this week.

The set would communicate via specially designated prepaid cellphones which they called their ‚bat phones,‘ Davis said.

Walters is on trial accused of profiting from illegal stock market trades on Dean Foods, a company that is dallas-based one of the largest processors of milk in the usa.

It is also alleged that Walters shared insider information, obtained from Davis, with his friends, including the golfer Phil Mickelson, who’s planned to be called as a witness for the protection.

Innocent Meeting

Davis said that the connection had started ‚fairly innocently‘ after the pair met at a California golf course in the mid-nineties. He had been happy sufficient to offer the stock that is occasional tip within the hope he’d get some sports betting advice in exchange, he said

But the nature of the relationship changed whenever Davis borrowed almost $1 million from Walters. After that, it ‚grew to a point where we was a digital conduit‘ for inside information, he said.

‚I became indebted to him,‘ he said. (mehr …)

British Betting Industry Exempted from Punishing AML Directive

Mittwoch, März 11th, 2020

British Betting Industry Exempted from Punishing AML Directive

Great britain bookmaking industry was exempted by the united states’s Treasury from the new EU that is fourth Laundering Directive, therefore escaping the onerous and high priced fate of conducting due diligence on every transaction of €2,000 (£1,740 / $2,150) and above.

The UK betting industry breathed a collective sigh of relief as it absolutely was exempted from the Fourth EU Money Laundering Directive this week.

The government said the decision had been made after consultation with UK’s National Risk Assessment (NRA), which deemed betting, both online and off, to be low-risk in comparison with other sectors as the industry breathed a heavy sigh of relief. Both land-based and casinos that are online however, will never be exempted.

Stay Vigilant

But the government emphasized that the industry must remain diligently committed to it anti-money laundering (AML) duties, or it could simply find itself having to fill the EU out’s tedious transaction report forms in the end.

Based on the UK Gambling Commission, ‚the government has made clear that it will frequently review its position with regards to the amount of money laundering and terrorist financing risk that gambling providers present.‘

As being a condition of licensing, gambling operators are currently required to conduct AML assessments of their business and develop and implement stringent AML policies.

The Proceeds of Crime Act 2002, meanwhile, (mehr …)