Text taken from a Media Statement issued by the Alderney Gambling Control Commission on 4 February 2014:
The Alderney Gambling Control Commission (AGCC) has entered into a Memorandum of Understanding (MoU) with the International Olympic Committee (IOC), ahead of the 2014 Winter Olympics which begins later this week in Sochi.
The MoU will facilitate the exchange of information relating to the manipulation of sporting events as well as suspicious betting patterns.
The IOC said that the signing of these MoUs with various betting operators and regulators, including the AGCC, are part of its concerted strategy to support clean sport and protect major competitions from any form of manipulation, particularly those linked to betting.
"We are very pleased with these agreements, which build on our successful collaboration during London 2012," said the IOC in a statement.
The agreement creates a framework for sharing any relevant customer and transactional data with the IOC in the event of any issue related to betting integrity at the Olympic Games or competitions organised by the International Federations (IFs).
This information will be used by the IOC's newly established Integrity Betting, Intelligence System (IBIS), which will be in operation for the first time in Sochi.
IBIS collates alerts and information on manipulation through betting on sport, and will also be placed at the disposal of International Federations during their major championships.
The AGCC's executive director André Wilsenach said: "This MoU enables the IOC and the Commission rapidly communicate any concerns relating to the integrity of betting on Olympic events. The Commission will be able to raise issues identified by licensees in accordance with their regulatory obligations as well as alerting licensees to concerns of the IOC that may have been drawn to their attention by other regulators."