Oversight and Audits are Necessary to Remedy Game-Fixing Plague

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The recent FIFA scandals have put the spotlight on corruption in sport, and we have been pointing out that in this situation, as with any similar problems in business or other organisations, good governance and ensuring proper compliance are key in minimising the issues.

But while the scandal of the day concerns bribery, there is another issue in global sports that has much stronger roots: the problem of game-fixing. In other words, players purposefully losing a game, holding back on their play, or otherwise disregarding fair play in return for money.

In this article we discuss how game-fixing facilitated by online betting can be curbed, using a three-pronged compliance approach

Inspection of Facilities and Sporting Venues – Due Diligence

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Sporting venues and facilities are places of excitement, fierce competition, and family fun. They can also be very dangerous for both participants and spectators alike. This is why these facilities must be monitored regularly for health and safety requirements or violations, and it must be done on a regular schedule and with strict adherence to policies.

In this article we discuss due diligence in sporting venue inspections and some best practices for ensuring player safety

Risk Management Doesn’t Mean Risk Aversion

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There is a disconnect in today’s businesses that is causing significant losses in market value. That disconnect is shown in two ways. First, many companies equate risk management with risk aversion. That is, instead of actively monitoring and measuring the risk controls they put in place, they are simply setting the controls in place for maximum risk avoidance and then letting them ride.

Second, companies are focusing their risk management on the wrong areas. They are so concerned about the legal and regulatory requirements of compliance that they have practically forgotten about managing strategic risk in growth and operations, which are the main culprits in losing market value.

In this article we discuss how companies are losing market value and slowing growth due to improper risk management practices.

Managing the PCI Compliance of 3rd Party Vendors

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Third-party compliance issues can be a nightmare if you don’t do your due diligence (say that five times fast!). The truth is that there is still a lot of confusion when it comes to what third-party service providers are specifically required to be compliant with, but ensuring that compliance is your responsibility if you’re going to deal with them.

To keep your own business safe from costly compliance violations, you must check out and validate the third party service providers (TPSPs) you do business with. With regulations changing fairly often now, trusting a validation certificate from another third party company as gospel isn’t a great idea.

In this article we point out the need for extra measures in determining third party PCI compliance, and how Compliance Checkpoint accomplishes that goal..