The UK Gambling Commission (UKGC) has imposed a £375,000 wonderful on on-line playing enterprise Football Pools Limited after a Fee investigation discovered social accountability and anti-money laundering breaches.
The breaches occurred between September 2022 and August 2023.
John Pearce, the Fee’s Director of Compliance, stated:
This case demonstrates that the Licensee’s strategy to profiling and monitoring anti-money laundering dangers was inadequate, permitting high-risk clients to proceed playing till the required enhanced due diligence checks had been accomplished. As well as, the Licensee relied excessively on monetary alerts, which, whereas stopping important losses, meant that it failed to interact in a well timed method with some clients who had been doubtlessly experiencing different markers of gambling-related hurt, reminiscent of time spent playing and excessive spending. Whereas it’s acknowledged that the Licensee has made the mandatory enhancements following completion of the compliance evaluation, the Fee will take additional motion if these requirements usually are not met.
