Football Pools Limited Hit with £375,000 Regulatory Penalty
Friday 28 de March 2025 / 12:00
2 minutos de lectura
(United Kingdom).- Online gambling business, Football Pools Limited, is to pay £375,000 after a Commission investigation revealed social responsibility and anti-money laundering failures.
The operator, which runs four websites, including footballpools.com, will pay the money as part of a settlement with the Commission.
All £375,000 will go to socially responsible causes.
The breaches occurred between September 2022 and August 2023.
John Pierce, Commission Director of Enforcement, said: “This case demonstrates that the Licensee's approach to anti-money laundering risk profiling and monitoring was insufficient, allowing high-risk customers to continue gambling before completing necessary enhanced due diligence checks.
“In addition, the Licensee was over-reliant on financial alerts that whilst preventing significant losses meant it failed to engage in a timely manner with some customers who were potentially experiencing other markers of gambling-related harm such as time spent gambling and high velocity spend.
“While it is recognised that necessary improvements have been made by the Licensee following the completion of the compliance assessment, the Commission will take further action if these standards are not maintained."
More details of the failings can be found in the public statement.
Categoría:Legislation
Tags: Sin tags
País: United Kingdom
Región: EMEA
Event
GAT EXPO CARTAGENA 2025
28 de April 2025
Payphone and its First Experience at GAT Expo Cartagena: Expansion and Connections Key to the Future
(Cartagena, Exclusivo SoloAzar).- Paola Murillo, Business Development Manager at Payphone, talked with SoloAzar about the company experience at GAT Expo Cartagena. The company aims to interact with regulatory authorities to drive its expansion in Latin America and the Caribbean. How does the firm plan to have more presence in these strategic markets? Read more in the following Q&A.
Friday 09 May 2025 / 12:00
21Viral Elevates Its Presence at GAT Expo Cartagena: Innovation, Networking & Business Expansion
(Cartagena, SoloAzar Exclusive).- In a Q&A with SoloAzar, Luz Beatriz Jaramillo Serna, 21Viral Sales Manager Latam, emphasizes the importance of regulatory interactions and networking for business growth. Discover the key takeaways from this exclusive interview!
Friday 09 May 2025 / 12:00
GAT Expo Cartagena 2025 reaffirms its leadership in the gaming sector in Latin America
(Cartagena, SoloAzar Exclusive).- With record attendance, strategic alliances, and a high-level academic agenda, GAT Expo Cartagena is driving innovation and industry growth in the region. In conversation with SoloAzar, CEO José Aníbal Aguirre discusses the highlights and upcoming GAT events in Latin America for the rest of the year.
Thursday 08 May 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.