Division of Gaming
Regulatory oversight of the offshore interactive gaming and wagering industry.
Overview
The Division of Gaming is the regulatory body under the Financial Services Regulatory Commission (FSRC) responsible for the oversight of all aspects of the Offshore Gaming industry in the jurisdiction of Antigua and Barbuda. Antigua and Barbuda was one of the first jurisdictions to license interactive gaming and wagering companies in 1994.
Key Responsibilities
- Licensing of interactive gaming and wagering companies
- Enforcement of corporate probity and international best practices
- Money laundering prevention oversight
- Player protection enforcement
- Industry enhancement initiatives
- Compliance monitoring and annual audits
Requirements
- Compliance with Interactive Gaming and Interactive Wagering Regulations (IGIWR)
- Clear internal procedures regarding 'Know Your Customer'
- Annual audited accounts by external auditors
- Certification of solvency, safety and soundness
- Player protection mechanisms
- Compliance with AML/CFT regime
The internet gaming companies are classified as 'Financial Institutions' and are subject to all the Anti-Money Laundering (AML) and Caribbean Financial Action Task Force (CFATF) requirements of the jurisdiction. The regulatory framework comprises a three pronged focus on 'Money Laundering Prevention', 'Player Protection' and 'Industry Enhancement'.
Key Functions
- Gaming license issuance
- Regulatory enforcement
- Player protection
- Industry development
Contact Information
The Directorate of Offshore Gaming Division of Gaming Royal Palm Place, Friar's Hill Road P.O. Box 2674, St. John's Antigua & Barbuda, West Indies
Tel: (268) 481-3300
Fax: (268) 481-3305
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