Crucial Compliance, a provider of compliance services and safer gambling strategies, has expanded its operations to support licensees in the British Crown dependency. The company specializes in anti-money laundering (AML) and responsible gambling efforts, catering to the unique compliance needs of operators in the gambling industry.
Crucial Compliance’s co-founder, Paul Foster, emphasized their commitment to delivering tailored strategies and solutions that align with the specific requirements and objectives of each operator. They offer a proprietary technology called Crucial Player Protection, which combines player behavior automation and modeling to provide compliance teams with comprehensive information for managing and interacting with players on a large scale.
The expansion into the Isle of Man, a jurisdiction with a mature and accessible regulator, is perfectly aligned with Crucial Compliance’s business growth strategy. With a significant rise in the number of licenses issued in the past 18 months, coupled with the increasing demand for holistic AML and responsible gambling tools, the company aims to meet the needs of licensees in this region.
In a related development, B2B online gambling provider EveryMatrix recently obtained an international Isle of Man B2B software license. This license, issued by the Isle of Man Gambling Supervision Commission, enables EveryMatrix to collaborate with operators and third parties in various regions globally, offering its range of igaming technology and services.
Additionally, Crucial Compliance has partnered with regulatory compliance services provider W2 and technology supplier nChain to provide blockchain-powered compliance solutions. The collaboration aims to assist operators in overcoming regulatory challenges and future-proofing their compliance tools and processes by leveraging the benefits of Distributed Ledger Technology.
