The UK Gambling Commission (UKGC) has handed out a combined penalty of £657,000 to two online gambling businesses due to social responsibility and AML shortcomings. Progress Play was charged £175,718 whilst Jumpman Gaming will pay £500,000, with the cash from both penalties directed towards the National Strategy to Reduce Gambling Harms. A UKGC investigation found ‘repeated breaches of licence conditions’ …
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BV Gaming, which trades as BetVictor, has been handed a £2 million fine by the UK Gambling Commission (UKGC) for anti-money laundering, social responsibility and fairness failings. A compliance assessment conducted in March 2020 uncovered failings in relation to licence conditions and code of practice, including a group AML risk assessment which did not meet the expected standard and which …
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The Young Gamers and Gamblers Education Trust (YGAM) has strengthened its senior leadership after confirming the appointment of Daniel Bliss as its new Head of External Affairs. Bliss joins the charity after working as part of the UK Gambling Commission‘s (UKGC) communications team for the last three years. During his tenure at the UKGC, Bliss was involved in key projects …
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After a Gambling Commission investigation, online gambling operator Betway has agreed to pay £11.6m, alongside implementing a package of measures, for a series of social responsibility and money laundering failings linked to dealings with seven of its high spending customers. The regulator said that in one instance, the operator had failed to carry out source of funds checks on a …
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William Hill-owned online gaming brand Mr Green has been told to pay £3m to the National Strategy to Reduce Gambling Harms by the Gambling Commission after it found failures in the operator’s procedures for preventing harm and money laundering. The settlement agreement consists of a £3m payment in lieu of a financial penalty and Commission costs of £10,349.77. The Gambling Commission found that Mr Green: did not …
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Industry strategic consultancy Regulus Partners starts the week off with an analysis of the German online regulated market, before addressing the fall out from last week’s general election in the UK. Germany: online regulation – Hesse prepared to boot out .com operators in the New Year? While many online operators might breath a (relative) sigh of relief on UK political …
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Betfred’s Gibraltar trading subsidiary ‘Petfre’ has been forced to pay £322,000 as part of a ‘regulatory settlement’ having been found to have ‘shortcomings in the application of its AML controls and its policies and procedures.’ The Gibraltar unit is due to make the payment in lieu of a financial penalty following an investigation by the UK Gambling Commission (UKGC). The UKGC investigation …
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The UK Gambling Commission (UKGC) CEO Neil McArthur has praised the ‘encouraging increase’ of gambling operators which are utilising both algorithms and machine learning to crack down on gambling related harms. Speaking at the Southbank Centre yesterday, McArthur confirmed that the UKGC plans to launch its next Raising Standards Conference early next year, however called for a bi-annual meeting of CEOs …
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The UK Gambling Commission (UKGC) has outlined a number of new licence conditions and codes of practice (LCCP) following an open consultation with the wider industry. The new LCCPs will look at ‘raising standards for alternative dispute resolution (ADR), strengthening requirements on how licensees identify and interact with customers who may be at risk of or experiencing gambling harms, and …
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The UK Gambling Commission (UKGC) has collaborated with independent research dissemination specialist Gambling Research Exchange (GREO) to help provide additional support to the regulator’s National Strategy to Reduce Gambling Harms. Under the terms of the new partnership, GREO will work alongside the UKGC to launch a new activity programme tailored towards supporting the National Strategy’s key focus areas: treatment and education, treatment …
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