Novomatic AG operates as a gaming technology company. A Group-wide compliance management system is essential to ensure sustainable protection of licenses, which are one of the most valuable assets in the international gaming industry markets, as stated by Novomatic CEO Harald Neumann.
Novomatic is known for a huge number of slots, including Columbus Slot Machine , Book of Ra, Wild Horses, Sizzling Hot Deluxe, Dolphin's Pearl and others.
Novomatic Compliance Manager Day 2019 featured practical examples from classic compliance sectors including money laundering prevention, anti-corruption, conflict of interest, and data protection. The program of international networking meetings also included the further development of the Group's Compliance Management System with the introduction of various measures taking into account the existing legal framework, the approved compliance plan of Novomatic AG and future changes in legislation.
An additional topic was the practical implementation of risk-based Know Your Counterparty tests. A negotiated partner screening process using guidelines and screening tools available to the entire group. The conference concluded with lectures from a variety of areas such as global transport and trade compliance or group risk management, which focused on ongoing national compliance activities, fostering a valuable and interactive exchange of knowledge and experience. New reporting requirements for subsidiaries were introduced in accordance with Novomatic AG's 2019 plan.
Finally, there was a discussion about the updates and possible implications of the recently adopted EU online casino guidelines, outlining the future design of the whistleblowing platform across the entire Novomatic AG group. Internationally active compliance managers from Novomatic Group have been prepared for the new legislation nationally and internationally.
