The Bermuda Casino Gaming Commission recently hired Bermuda-based consultants ADL Compliance to handle compliance, operational risk management, anti-money laundering and antiterrorist financing. Bermuda Casino Gaming Commission Executive Director Richard Schuetz said, “This firm in particular impressed us with their experience and expertise in providing services to a variety of regulated industries including law and accounting firms, banks, trust companies, investment firms, reinsurance and insurance companies.” He noted ADL’s local expertise would help assure gambling in Bermuda was managed properly and was free of crime.
ADL Manager Lanan Bascome said ADL already has performed background checks on individuals involved with the local gambling industry, including criminal, civil and credit checks, media and social media vetting, plus investigations into professional and social contacts and employment history. “These background checks are of paramount importance because people employed in or working with the casinos and gaming industry in Bermuda will have access to financial assets and complex technology. As much as we can, we endeavor to ensure that these persons are honest,” Bascome said.
She added, “As the regulator, it is the commission’s job to safeguard the industry from any possibility of corruption and robust employee vetting goes a long way towards that end. These protections will help Bermuda not only build a reputation in gaming but will also help safeguard our island’s hard-earned, distinguished reputation in international business and finance generally.”
Bascome said ADL staff will be taking classes in regulation and casino background investigations at the University of Nevada in Las Vegas. “As casinos are new to Bermuda, we believe it is key that we also understand the casino business. This understanding will make the application of our compliance expertise more pointed and effective,” she noted.
Another benefit of hiring ADL, Bascome said, will be “to make the gaming industry sustainable and in doing so ensure employment opportunities for Bermudians in gaming, at all levels, for generations.”
