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UKGC

How the Regulatory Environment for Online Gaming is Evolving

 The HALLO ECHO
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  In many countries, online gaming isn’t part of the regulatory environment. That’s because most gaming laws were passed long before the Internet came along. Where online casinos are allowed, the rules aren’t written in stone. They change frequently, often to adjust tax rate or raise regulatory standards. That said, the world is slowly changing…

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UK Gambling Commission opens consultation on high value ‘VIP’ customers

 The HALLO ECHO
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  The UK Gambling Commission is today seeking views on proposed changes to the rules operators must abide by when transacting with high value customers. The consultation follows collaborative work with the industry following three challenges laid down by the Gambling Commission to make gambling safer and reduce harm across the sector.  The Commission challenged…

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UKGC Issues Stricter Consumer Protection Rules for Lockdown

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has published more stringent rules for online operators for protecting customers during lock down. The new set of rules come after new evidence has surfaced that show some gamblers maybe at greater risk of harm during lockdown. The new guidelines deal with the need for affordability checks, prevention of…

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

 The HALLO ECHO
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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…

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UKGC Announces Temporary Extension of Regulatory Return Submissions Dates

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has announced a temporary extension of regulatory return submissions dates. On feedback from operators and trade bodies, the UKGC has decided to allow operators an additional four weeks (28 days) to submit their regulatory returns. For annual returns, UKGC extended the window to submit returns from 42 days to…

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UKGC Reveals Reasons for Triplebet Licence Suspension

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has published the reasons for suspending Triplebet’s licence. Triplebet’s operating licence was suspended on February 17 as part of a package of sanctions for social responsibility and money laundering failings. An investigation found serious failings in Triplebet’s approach to anti-money laundering, the monitoring of business relationships and due diligence…

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