UK Gambling Commission orders two operators to pay £675,000 in regulatory settlements

UK Gambling Commission orders two operators to pay £675,000 in regulatory settlements

Article brief provided by Gambling Insider
  • Gambling Insider
May 17, 2022 10:08 PM
  • Gambling Insider

The Gambling Commission has ordered two online gambling businesses to make payments totalling more than £675,000 ($836,535).

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Jumpman Gaming and Progress Play will pay £500,000 and £175,718 respectively for anti-money laundering (AML) and social responsibility failures. Their payments will be made to the National Strategy to Reduce Gambling Harms.

Following investigations by the Gambling Commission, similar concerns were raised in regard to both operators’ activity. These included AML shortcomings and a failure to adequately safeguard vulnerable players.

In particular, both Jumpman Gaming and Progress Play failed to comply with certain licence conditions and codes of practice, such as paragraphs two and three of Licence Condition 12.1.1, requiring measures for the prevention of money laundering and terrorist financing.