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The UK Gambling Commission fines 4 gaming companies

16/05/2019 » Betting News

Gambling Commission (UK)

The UK Gambling Commission fines 4 gaming companies (InTouch Games Limited, Betit Operations Limited,  MT Secure Trade, BestBet). InTouch Games Limited (£2.2m), Betit Operations Limited (£1.4m), MT Secure Trade (£700,000), and BestBet (£230,972). The penalty packages relate to the businesses failings to put in place effective safeguards to prevent money laundering and keep consumers safe from gambling harm. The penalty packages form part of an ongoing investigation into the online casino sector. Over the last 18 months the regulator has conducted assessments of, or engaged with, 123 online operators - and of the 45 told to submit an action plan to raise standards 38 have already showed signs of improvement. A further 34 were compliant with standards expected by the Commission or had minor issues which have been, or are in the process of being, remedied.

Richard Watson, Gambling Commission Executive Director: “We have been working hard to raise standards in the online industry to ensure that gambling is crime-free and that the one in five people in Britain who gamble online every month can do so safely. But our work will not stop here. As a regulator, we will continue to set and enforce standards that the industry must comply with to protect consumers. We expect operators to know their customers and to ask the right questions to make sure they meet their anti-money laundering and social responsibility obligations.”