Choosing the Best Canadian Casino: 5 Things You Need to Look for

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August 18, 2022

Classy Wooden Shiny Roulette Details in a Casino

If you are a newcomer to the world of casino entertainment or simply want to expand your options by testing the waters in a new country, starting with the Canadian market is a great idea. After all, this is one of the largest and most hospitable gambling communities in the world. It has something to offer to everyone.

With such a wide range of Canadian platforms available, choosing the right one might be quite challenging. To help you make the decision, we have prepared a guide with the most important things you need to look for when choosing a real money casino online Canada .

Why Do You Need to Choose The Best Casinos?

The gambling market in Canada is worth billions of dollars and is growing bigger every year. It attracts both local and international operators who want to get a slice of the pie. But not all of them are legitimate businesses that can be trusted with your money. This is why it’s so important to do your research – to ascertain you are playing at a secure place where you will have fun and potentially win some money.

Here are some advantages of playing in the best casino online in Canada:

The casino will offer fair terms and conditions.
You will be able to find a massive collection of gambling options, including the latest releases.
There will be more chances to hit a good win, as you will get generous promos and will be able to choose games with the highest RTP.
You can be sure that your money is safe and that you will be able to withdraw the funds without any trouble.

Things to Look for When Choosing a Casino

When deciding what casino to play at, there are several factors to consider. To help you with the decision, we have prepared a detailed guide for each of them.

License

Licensing is the most important thing to pay attention to. If the site does not hold a valid license from at least one of the renowned authorities, such as Curacao or MGA, it is best to avoid it. The reason for this is that unlicensed gambling websites are not subject to any regulations and can pretty much do whatever they want with your money.

A legal online casino in Canada is much more likely to offer fair games and protect your personal information than an unlicensed one. If you want to be on the safe side, make sure that the platform of your choice has a valid license from at least one respected gambling authority.

Gaming Library

The more games the website offers, the better. But it is also critical to make sure that these games come from reputable providers. This way, you will be able to enjoy fair and exciting gameplay as well as interesting themes and features. Additionally, check whether the casino offers live dealer games that convey the land-based venue atmosphere.

A gambling establishment needs to cooperate with top-tier providers if it wants to offer a high-end gaming experience to its customers. If you see that the casino of your choice has games by BetsoftGaming, Endorphina, or Gamzix you can be sure that it is worth your attention.

Bonuses

All reputable venues provide numerous promos that give you the chance to boost your bankroll or hit some real money prizes. Various platforms have different bonus programs, so it is important to choose the one that suits you. For instance, some establishments supply no-deposit bonuses that allow you to test the games without risking any of your own money. Other frequent promos include reload incentives and cashback.

It is important to remember that not all bonus offers are created equal. To ascertain that you are getting a good deal, always check the bonus conditions before obtaining any offers. This way, you will know exactly what you need to do to get the bonus and cash out your future winnings.

Payment Methods

When it comes to payment options, the more of them there are the better. You will be able to choose the payment method that suits your needs best. The most common payment options at Canadian casinos comprise cards and e-wallets.

It is worth checking out whether the website charges any fees for transactions, as this can cut your winnings. Furthermore, check how long it takes for the money to reflect in your account, as some methods are faster than others.

Support Service

If you encounter any troubles while playing at an online casino for real money in Canada, you should be able to get help from a team of trained professionals. The best gambling websites offer 24/7 support through chat and email so that you can always get in touch with someone if you need assistance.

It is better to check if the venue features a FAQ section, as this can provide you with the answers to your questions without having to contact customer support.

What Online Casino is the Best for Canadian Gamblers?

There are a lot of decent platforms out there that cater to Canadian gamblers. And one of them is King Billy Casino, which has everything you need for a great experience. This safe online casino in Canada operates under the MGA license and offers a massive collection of entertainment provided by top developers.

The main advantage of playing at King Billy is its bonus program. Newcomers can leverage a whole welcome package that can give them up to $2500. This is a perfect way to boost your bankroll and have a lot more fun while playing the games. Existing customers can also take advantage of various reload incentives, cashback offers, and free spin promotions. It is really worth keeping on being active on the website.

A Tekedia Capital Portfolio Startup Reaches Acquisition Agreement

By

Ndubuisi Ekekwe

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August 18, 2022

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We sent this email to Tekedia Capital Syndicate members yesterday.

Dear Sir/Madam,

Today, we sent an email to investors of one of our portfolio startups. The startup which raised its first funds from Tekedia Capital in November 2021 reached an agreement on Aug 17 2022 to be acquired by a US-based company. We have communicated details to our investors who invested in this startup. This acquisition is expected to close next month and investors are expected to be paid the same month. All transactions are in US dollars.

For the name of the startup, please log into the board.

More so, we use this to remind members that our next investment cycle will begin mid Sept 2022 to close in the first week of Nov 2022. Many amazing startups are coming.

Finally, we will reach out to members whose annual (or 4-cycle) membership fees are due for renewal. You can renew/join ($1,000 or Naira equivalent) here via bank transfer, Stripe, PayPal, etc.

As always, thanks for your partnership.

On Buju: Assaulting a police officer is a felony

By

Stanley Alieke

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August 18, 2022

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A Nigerian star singer BXN formerly known as Buju trended all day yesterday due to the face-off he had with the men of the Nigerian police force in Lagos.

While he was venting his anger on his Twitter handle due to the ordeal, the star singer boasted to have spat on the face of one of the police officers that accosted him. His fans and lover of his craft were all hailing him to have stood his ground and spat on the face of a police officer that was harassing him.

The ignorance of that tweet made by the star musician where he boasted to have spat on the face of a police officer is deafening. Those hailing him to have done that in his comment section were also quite ignorant of the laws of Nigeria. They had no idea that spitting on a police officer, attacking a police officer, pushing a police officer or making any aggressive contact, or having a physical confrontation with a police officer or any member of any law enforcement agency in Nigeria is a criminal offense as it amounts to assault and obstruction of the course of justice which is a serious offense regarded as a felony in the Nigerian criminal justice system and it is punishable with at least 3 years imprisonment term.

While Nigerian police officers are fond of harassing innocent citizens and abusing their powers; the recent works of the police authorities and the Inspector General of police of chiding the abusive officers, and punishing those found abusing their powers should be commended and in other note, citizens should not be quick to take laws into their hands by being confrontational with officers of the law; law enforcement agents are representative of the government and it is the government that has empowered them to do their job and any affront or confrontation or aggression toward officers of the law is aggression against the government of the federal republic of Nigeria and this is tagged a felony punishable with a jail term

Reproducing the provisions of s.356 of the criminal code here which criminalizes and punishes assaulting a police officer, thus;

Any person who:

(1) assaults another with intent to commit a felony, or with intent to resist or prevent the lawful arrest or detention of himself or of any other person; or

(2) assaults, resists, or wilfully obstructs a police officer while acting in the execution of his duty, or any person acting in aid of a police officer while so acting; or

(3) unlawfully assaults, resists, or obstructs, any person engaged in the lawful execution of any process against any property, or in making a lawful distress, while so engaged; or

(4) assaults, resists, or obstructs any person engaged in such lawful execution of process, or in making a lawful distress, with intent to rescue any property lawfully taken under such process or distress; or

(5) assaults any person on account of any act done by him in the execution of any duty imposed on him by law; or
(6) assaults any person in pursuance of any unlawful conspiracy respecting any manufacture, trade, business, or occupation, or respecting any person or persons concerned or employed in any manufacture, trade, business, or occupation, or the wages of any such person or person,

is guilty of a felony and is liable to imprisonment for three years.

On this note, if the wrath of the law is to descend on the star musician Buju who is loved by many he may be sent to jail for assaulting a police officer but we hope that justice will be delivered with mercy.

Finance App Users At Risk As 50 Apps Pose Cybersecurity Threats To Businesses

By

Ojukwu Emmanuel

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August 18, 2022

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There is no disputing the fact that the covid-19 pandemic accelerated the global adoption of digital payments and the use of finance applications. The emergence of Fintechs across the globe has enabled a lot of people to send and receive payments, as well as save money on their smartphones through these apps.

However, there seems to be a major constraint posing a serious challenge to these apps, as a recent study revealed that two cybersecurity assessment reports of the top 50 android apps for shopping and finance have indicated security risks to users, including businesses in Nigeria, which was revealed by Appknox, a well-recognized plug-and-play security platform.

According to the report, it disclosed that a high percentage of these apps were marked as high cybersecurity threats to users, thus putting confidential customer and business data at risk. The report, which has been tailored to be geographically specific to ensure a more significant impact on the target audience, showed that 60 percent of Finance apps and 72 percent of shopping apps posed a dangerous risk to users.

The cybersecurity assessment was presented to Nigerian customers and businesses which function particularly in the retail industry to help them assess the magnitude of security concerns from using the apps. This is coming amid the global danger of e-commerce fraud where businesses across the globe have lost billions of dollars, with more than $20 billion lost in 2021.

The cybersecurity test report which was unveiled in Lagos by CED technologies in partnership with Appknox, disclosed that through the report, app developers in the country would learn to create cost-effective and efficient mobile application security strategies.

The aim of the security strategies is to safeguard the use of these finance apps, and also to guarantee the safety of business data while adhering to international security standards.

According to CED technologies, they disclosed that this report would greatly benefit businesses in Nigeria, as it will help to create the much-needed awareness and also help them understand the importance of cybersecurity for applications built for their businesses.

It has been estimated that by 2025, the adoption of digital payments will accelerate by 5 to 10 percentage points globally. Therefore, there will be an exponential rise in the use of Finance apps, which will no doubt see a surge in cybersecurity threats. Majority of these apps have been disclosed not to have adequate security built-in, leaving users to threats, thereby putting their confidential data at risk.

Although, almost every business that has an online presence is a potential victim of cybercrime, and cyber criminals choose their victims mainly based on two criteria; Maximum revenue and Maximum impact, which makes financial institutions (Banks) and Financial services/Apps their prime target.

Organizations in the financial sector are known to keep highly valuable and critical data electronically, from credit card details, BVN, and other sensitive data, with their routine handling of billions and trillions of dollars. As a result of all this valuable data in their possession, cybercriminals are targeting the financial sector aggressively.

Therefore, it is important that the financial institutions (Banks and Fintechs) as well as Finance app developers, improve their defenses, by learning to create cost-effective and efficient mobile application security strategies to mitigate cybersecurity threats.

How To Set Up a Licensed International Money Transfer Service Business (IMTO) In Nigeria

By

Emmanuel Ifeanyi Ogbuka

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August 18, 2022

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The one thing that Fintech has made possible to the point of looking almost casual is the astonishingly speedy movement of money across the globe. International remittances and transfers have come a long way from the era of money transfers that usually took up to a week and a lot of frustrating Due diligence checks.

International Money Transfer services (along with International Mobile Money Remittance services) have proved to be a lifesaver for Nigeria in general and the Nigerian Fintech ecosystem in particular, with some reports confidently placing estimated Foreign exchange remittances to Nigeria at $25 Billion a year!

However, the Regulatory Framework governing International Money Transfer services is still as thorough as ever, which is why this article will be dealing with the following topics specifically:-

– The Regulatory Framework governing International Money Transfer services in Nigeria.

– The licensing requirements for International Money Transfer service operators (IMTOs) in Nigeria.

– The full extent of permissible and non-permissible activities for International Money Transfer service companies in Nigeria.

What is the Regulatory Framework governing International Money Transfer services in Nigeria?

International Money Transfer services are regulated by the Central Bank of Nigeria (CBN) through the Banks and Other Financial Institutions Act (BOFIA) and specifically the CBN Guidelines For The Operation of International Money Transfer Services in Nigeria 2014(or ‘The IMTO Guidelines’).

What are the permissible and non-permissible activities stated for International Money Transfer Service companies under the IMTO Guidelines?

Permissible Activities

IMTOs are permitted to :-

– Accept monies for the purpose of transmitting them to person’s resident in Nigeria or another country.

– Render cross-border personal money transfer services such as monetary transfers towards family maintenance & monetary transfers services for foreign tourists visiting Nigeria.

– Render cross-border money transfers between individuals only.

Non-Permissible Activities

IMTOs are not permitted to:-

– Engage in monetary transfers between individuals and corporate entities(based on Anti-MoneyLaundering (AML/CFT) requirements).

– Engage in Moneylending.

– Act as an authorized dealer in precious metals.

– Engage in taking monetary deposits as a service.

– Engage in maintaining current accounts for its customers.

– Establish letters of credit.

– Act as a funds custodian for customers.

– Engage in Institutional transfers.

– Buy Foreign exchange from the domestic Foreign exchange market for settlement.

What are the licensing requirements for IMTOs?

To secure an IMTO license you need to do the following :-

– submit an application prepared by your lawyer to the office of the Director, Trade & Exchange Department of the Central Bank of Nigeria with the following attachments-

a). a resolution of your company’s board of directors deciding to offer International Money Transfer services;

b). a copy of your company’s certificate of incorporation and MEMART (Memorandum &Articles of Association);

c). a documented copy of your company’s shareholding structure;

d). statutory Corporate Affairs Commission (CAC) forms on allotment of shares & the particulars of your company’s directors;

e). profiles of the board of directors and management of your company including their resumes, functional email addresses & numbers along with the company ownership, governance and management structure;

f). your company organogram;

g). your company’s business plan;

h). the IT policy of your company;

i). the Enterprise risk management framework of your company;

j). contingency & disaster recovery plan;

k). credit reports from a licensed credit bureau for the shareholders & key officers of the IMTO;

l). a 3 years Tax clearance certificate;

m). your project deployment plan;

n). a non-refundable application fee of 500Thousand Naira payable to the Central Bank of Nigeria;

o). evidence of meeting the minimum paid up capital requirement of 2 Billion Naira for Nigerian companies and 50 Million Naira for Foreign companies backed by a guarantee from the parent company based overseas;

p). evidence of presence in at least 7 countries;

q). a letter of no objection from the Central Bank of Nigeria where an IMTO license applicant wants to engage in partnership with a foreign technical partner in starting up a worldwide or regional Money Transfer service, in addition to which there must be proof of the Foreign technical partner having a minimum net worth of $1 million as well as being a licensed & registered entity in its home country and having evidence of being firmly experienced in the business of money transfer services.

Are there legitimate ways of carrying out International Money Value transfer services in Nigeria without the use of an IMTO license for smaller Fintech companies unable to afford the licensing costs?

Yes, there are. You’ll need to consult your lawyer to find out the options available to you.

Conclusion :- It is hoped that a basic understanding of how IMTOs work has been achieved with this write-up. This article is however not exhaustive, so you’ll need to further guidance from trained professionals if you’re thinking of venturing into this business going forward.

Choosing the Best Canadian Casino: 5 Things You Need to Look for

Why Do You Need to Choose The Best Casinos?