Richard Watson – Highly Aligned Leaders in Legal Operations

UKGC Imposes £6M Fine on Casumo

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g March 26, 2021 March 26, 2021

By: The HALLO ECHO

March 26, 2021

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The UK Gambling Commission (UKGC) has imposed a fine of £6m on online casino firm Casumo for breaching anti-money laundering rules and failing to ensure that players were gambling responsibly. Social responsibility failings included: Not putting into effect policies and procedures for customer interaction where it has concerns that a customer’s activity may indicate…

UKGC Imposes £3.4M Fine on In Touch Games

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g March 18, 2021 March 18, 2021

By: The HALLO ECHO

March 18, 2021

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In Touch Games is required to undergo extensive auditing after a Gambling Commission assessment revealed social responsibility, money laundering and marketing failures. The company has also received an official warning and has to pay a £3.4m fine for the failures. Social responsibility failings included: Stating in its Responsible Gambling Team interaction guidance that a…

White Hat Gaming to Pay UKGC £1.3M Settlement Over AML Failings

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g January 29, 2021 January 29, 2021

By: The HALLO ECHO

January 29, 2021

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White Hat Gaming has agreed to pay a settlement of £1.3m after a UK Gambling Commission investigation identified a series of money laundering and social responsibility failures with the Malta-based operator. The investigation identified failings in the way online operator White Hat Gaming identified and managed customers who were at higher risk of money…

UKGC Imposes £2.8M Fine on BoyleSports for AML Failings

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g November 12, 2020 November 12, 2020

By: The HALLO ECHO

November 12, 2020

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The UK Gambling Commission (UKGC) has imposed a fine of £2.8 million on BoyleSports Enterprise for AML failings. During an investigation by the regulator, Boylesports was found to have breached Commission rules aimed at preventing money laundering on its Boylesports.com and Boylecasino.com websites. The investigation revealed that the operator failed to have an appropriate…

UKGC Warns Operators Over Third Party Responsibilities As FSB Receive Sanctions For Failings

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g May 7, 2020 May 7, 2020

By: The HALLO ECHO

May 7, 2020

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The UK Gambling Commission (UKGC) has issued a warning to the gambling operators over third party responsibilities. The warning follows regulatory action taken against FSB Technology (UK) who will have to change the way it operates with additional licence conditions and pay £600,000 for advertising, money laundering and social responsibility failings. An investigation by…

Betway to Pay Fine for Failings Related to “VIP” Customers

The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=g March 13, 2020 March 13, 2020

By: The HALLO ECHO

March 13, 2020

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Online gambling operator Betway has agreed to pay a penalty of £11.6 million for a series of social responsibility and money laundering violations connected to the accounts of seven of its “VIP” customers. In one case, Betway failed to do the source checking of funds from a “VIP” customer who deposited more than £8m…