SKS365 Group the operating company of Italian bookmaker PlanetWin365 has confirmed the formation of a new ‘expert body’, overseeing the firm’s compliance, legal and AML procedures and directives.
The new supervisory body has been established to assist, SKS365’s new executive leadership team ensure that the betting group meets its care-of-duty, auditing and risk management duties.
Updating stakeholders, SKS365 governance confirms that the body will be chaired by former Italia Carabinieri (Italian national guard) Brigadier General Massimo Ignesti.
Providing AML and compliance guidance, Ignesti will be supported by University of Bologna crime scholar Professor Ranieri Razzante as Deputy Chairman.
The four-man body is completed by ‘cybersecurity expert’ Stefano Mele and leading Italian barrister Antonio Conte acting as corporate advisors.
In its update, SKS365 details that the body will function as an ‘independent control’, offering guidance to SKS365 legal and compliance departments.
Operating PlanetWin365, Italy’s second-largest bookmaker, SKS365 was implicated in the Italian federal police’s ‘2018 Galassia investigation’, which uncovered that Mafia networks had knowingly used bookmaker services as ‘money laundering vehicles’.
During Q1 trading, SKS365 announced the formation of its new-look management team formed by Franceso Gaziano as CMO & Italian MD, Jim Parkins as Chief Product and Technology Officer, Brian Dean as Chief People Officer and Troy Cox as Chief Commercial Officer
SKS365’s Chief Marketing Officer (CMO) and Italian Country Manager Francesco Gaziano stated: “We continue to attract high-profile, leading professionals and recognised experts. Our talent pool is becoming a distinctive competitive advantage. We keep investing in compliance, risk management and internal controls.
“In fact, we believe that compliance is a competitive lever and creates value by improving reputation, enhancing transparency, and reducing operational risk for the benefit of our customers and employees.”
