UK GAMBLING COMMISSION TAKES ACTION FOR SIGNIFICANT AML AND DUTY FAILURES

On 28 October, SBC News reported that the UK Gambling Commission (UKGC) has announced action against BGO Entertainment, GAN Plc and NetBet Enterprises Ltd after reviewing their licences following a number of failures which included not doing enough to keep consumers safe and failing to prevent money laundering and criminal spend.  2 of the businesses have had new conditions imposed on their licences and all 3 will now improve their policies and procedures as well as making payments to progress the work of the National Strategy to Reduce Gambling Harms.  The Commission will also be reviewing the actions of the individual Personal Management Licence holders in all 3 of these cases.

https://www.sbcnews.co.uk/latestnews/2020/10/28/ukgc-takes-action-on-bgo-gan-and-netbet-for-significant-aml-and-duty-failures

 

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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