Compliance Updates

UKGC Warns Operators Over Third Party Responsibilities As FSB Receive Sanctions For Failings

Published

5 years ago

May 7, 2020

Niji Narayan

UKGC Warns Operators Over Third Party Responsibilities As FSB Receive Sanctions For Failings

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The UK Gambling Commission (UKGC) has issued a warning to the gambling operators over third party responsibilities.

The warning follows regulatory action taken against FSB Technology (UK) who will have to change the way it operates with additional licence conditions and pay £600,000 for advertising, money laundering and social responsibility failings.

An investigation by the Gambling Commission discovered that FSB did not have sufficient oversight of three third-party websites or effective anti-money money laundering and social responsibility policies and procedures in place between January 2017 and August 2019.

“All operators should pay close attention to this case as it shows that we hold all licensees fully responsible for third party relationships – and we will act against any of our licensees that do not manage third parties appropriately. These were blatant breaches of rules we have put in place to ensure gambling is fair, safe and crime-free,” Richard Watson, Executive Director of UKGC, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.