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Posted by: Director at July 16, 2003, 5:18 am

Topic: Global-player withdrawal problem Forum: Winner Online

This string has been brought to the attention of the Directorate of Offshore Gaming, Antigua and Barbuda.

In reviewing the practices of the company, there appears to be need for clarification as to the proper handling of Suspicious Transaction Reports (SAR), as required under Antigua and Barbuda’s, Money Laundering Prevention Act.

In consultation with the Office of National Drug and Money Laundering Control Policy (ONDCP), it has been decided that additional regulations will be issued on this matter (current guidelines can be found here). Such a clarification is required so that both gaming operators and their clients are clear about the requirements under the law. This should ensure that there is little or no opportunity for the regulations to be misused or misinterpreted.

Universal Gaming Concepts (Global Players,) is a reputable company and has been licensed with us since 1999. During that time is has made all efforts to ensure that it is compliant with our laws. However in reviewing this string there is clearly a need for some clarification on points raised. This will be addressed shortly.

For further information about the jurisdiction of Antigua and Barbuda please do not hesitate to contact me at director@antiguagaming.gov.ag .

Ronald Maginley
Director of Offshore Gaming
Antigua and Barbuda

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