U.K.Gambling Commission​ Clamps Down On Online Gambling

Published Sunday, January 14, 2018 - Online-Casinos.com
U.K.Gambling Commission​ Clamps Down On Online Gambling

Not doing enough to combat criminal activities is the reason behind the U.K.’s Gambling Commission’s recent announcement that there are five online casinos under a cloud of possibly losing their licences to operate in the jurisdiction.

The Gambling commission has sent letters to seventeen  online casino operators, regarding the “serious nature” of its findings on their controls that deal with money laundering, terrorist financing and problem gambling. The noted regulator has mentioned they are reviewing the licenses of five of the operations and are considering revoking the permission to continue offering gambling services in the United Kingdom.

The letter from the Commission stated research had revealed a number of failings in money-laundering controls, and also in social responsibility provisions designed to protect problem gamblers from harm.

Reporting officers employed by these operators had no formal qualifications and were “unable to provide suitable explanations as to what constitutes money laundering”.

The Commission noted, “There was a general lack of understanding of how criminal spend could affect the business.” It also maintained that the firms in question did not submit enough information about suspicious activity to law enforcement agencies such as the National Crime Agency. Failing to intervene when customers were showing signs of problem gambling was also revealed, the commission said. “This behaviour did not trigger a customer interaction,” by these operators, the Commission declared.

Chief executive officer at the Commission,  Sarah Harrison, said, “It is vital that the gambling industry takes its duty to protect consumers and keep crime out of gambling seriously.

“The Gambling Commission’s new strategy sets out our vision for a fairer and safer gambling market.

“The action we are taking to examine online casino operators’ compliance with money laundering and customer interaction requirements is just one example of how we will be relentless in turning that vision into reality.”

 

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