Tag Archives: FCA

Stats Perform to offer enhanced affordability checks with Equifax UK 

SBC News Stats Perform to offer enhanced affordability checks with Equifax UK 

Stats Perform has entered an exclusive partnership with Equifax UK to enhance affordability checks for betting and igaming operators. Under the terms of the deal, clients of the data and analytics firm will have access to Equifax UK credit referencing data to undertake customer affordability checks. As detailed by Stats Perform, the partnership “will allow sports betting and gaming operators …

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Harris Hagan: Legal Eye… Why Culture Counts on PML demands

SBC News Harris Hagan: Legal Eye… Why Culture Counts on PML demands

Seeking to improve the industry’s accountability, the UK Gambling Commission (UKGC) has signalled its intent to tighten its reins on individual licence holders.  Bahar Alaeddini, Partner at Harris Hagan for online gambling, breaks down why transforming corporate culture by driving personal accountability and responsibility will be the key to better outcomes. The White Paper included a fleeting mention of extending …

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William Hill’s retail recovery narrows 2022 standalone losses to £31m 

SBC News William Hill’s retail recovery narrows 2022 standalone losses to £31m 

The full-year 2022 financial accounts of William Hill Limited have been filed by 888 Holdings with the corporate register of the Financial Conduct Authority (FCA).    Temporarily under the ownership of Caesars Entertainment Inc and accounting for the assets of William Hill UK and Mr Green, the company was acquired by 888 on 1 July 2022.  Results filed with the FCA …

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FCA new marketing rules raise concerns on cooling crypto competition

SBC News FCA new marketing rules raise concerns on cooling crypto competition

The Financial Conduct Authority (FCA) has this morning published tough new rules on the marketing of cryptoassets, required to protect UK consumers by clarifying the risk of investing  in digital assets. The new rules on marketing cryptoassets follow extensive FCA research provided to the Government for the consultation on the ‘Future Regulatory Regime for Cryptoassets’. From 8 October 2023, firms …

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Opinion split on Commons Treasury assessment to “treat Crypto like Gambling”

Report: RET levy likely as MPs reappraise White Paper

The House of Commons Treasury Committee has recommended “treating retail investment in cryptocurrencies like gambling”, due to the high volatility of value changes of cryptoassets and potential for consumers to lose their entire investment.  The recommendation forms part of the Committee’s report evaluating the “potential benefits of cryptoassets and their underlying technology value, and the risk of investment in cryptoassets”. …

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GamCare calls on all partners to support Debt Awareness Week 2023

SBC News GamCare calls on all partners to support Debt Awareness Week 2023

All problem gambling treatment support stakeholders have been called on to back ‘Debt Awareness Week’ by GamCare.  The national campaign that runs across Britain from 20-26 March is led by debt-relief charity StepChange, to highlight the “reality that debt can affect anyone, regardless of their background or circumstances.” GamCare highlighted the importance of Debt Awareness Week, which comes as the …

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Todd Crosland: CoinZoom – Regulatory progress remains crucial for trust in digital assets  

SBC News Todd Crosland: CoinZoom - Regulatory progress remains crucial for trust in digital assets  

As the FCA delayed the restricting of licenses for 12 firms and further complexities were underlined within crypto regulation. Todd Crosland, CEO of CoinZoom, told  PaymentExpert why regulatory trust remains a vital endeavour for digital currency.  Reflecting present circumstances, Crosland emphasised that ‘the demise of cash, combined with the onset of new digital banking tools, has undoubtedly accelerated the rate …

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GamCare backs self-exclusion scheme for high-risk trading

SBC News GamCare backs self-exclusion scheme for high-risk trading

GamCare has cited growing concerns of UK consumers trading high-risk cryptocurrencies and stocks following feedback from the National Gambling Helpline that registered callers who share similar experiences of falling into financial despair and deteriorating mental health. One caller cited by GamCare stated: “I was looking at the trading apps nearly 16 hours a day. I kept putting my money in …

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UKGC launches consultation on licensing and enforcement principles 

SBC News UKGC launches consultation on licensing and enforcement principles 

The UK Gambling Commission (UKGC) has this morning launched a consultation seeking feedback on its licensing, compliance, and enforcement policy procedures.  Open until 9 February, the consultation aims to build upon the UKGC’s ‘Statement of Principles’ that have established regulatory policies in relation to – risk assessment, licensing operators and key personnel, carrying out compliance activities and regulatory/criminal enforcement. Feedback …

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Rhodes offers UKGC perspective on Football Index enforcement  

SBC News Rhodes offers UKGC perspective on Football Index enforcement  

Andrew Rhodes, the interim Chief Executive of the UK Gambling Commission (UKGC), has published a video response to the independent review of the collapse of Football Index.  As noted last week, the Commission has established new practices in how it evaluates the risks of novel products recommended by the review and to strengthen its working relationship with the Financial Conduct Authority …

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