Publishing a new white paper entitled ‘Opportunities for Impact: The Role of Financial Institutions in Mitigating Gambling-Related Harm’, the RGC noted that financial institutions are in a unique position to both understand the financial well-being of their customers and better strategise how to address gambling-related harms.
“The rapid expansion of regulated gambling in Canada requires an evolved response from our financial systems,” says Tracy Parker, SVP, Accreditation, Advisory & Insights at RGC.
“By adopting tools already proven in other jurisdictions, Canadian banks can become leaders in protecting customer financial health.”
According to a 2021 study reported in the Canadian Journal of Public Health,2.7% of Canadians can be identified as “at-risk gamblers” and 0.6% are “problem-gamblers”.
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