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Skill On Net Limited Executive Summary

This investigation followed the commencement of a section 116 regulatory review of Skill on Net Limited (the Licensee), Combined Remote Operating Licence number: 039326-R-319358-050. The regulatory review found failings in the Licensee’s processes which were aimed at safer gambling and preventing Money Laundering (ML).

Between the period of January 2021 and December 20221, the Licensee failed to comply with the following Licence Conditions and Codes of Practice (LCCP):

  • paragraphs 1, 2 and 3 of licence condition 12.1.1 requiring compliance with the prevention of ML and Terrorist Financing (TF)
  • licence condition 12.1.2 requiring operators based in foreign jurisdictions to comply with the ML, TF and Transfer of Funds (Information of the Payer) Regulations 2017
  • paragraphs 1a, b and 2 of Social Responsibility Code Provision (SRCP) 3.4.1 requiring licensees to interact with customers in a way which minimises the risk of customers experiencing harms associated with gambling, and to take into account the Commission’s guidance on customer interaction
  • failed to adhere to Ordinary Code Provision (OCP) 2.1.1 - Anti-Money Laundering guidance.

Taking into account remedial action taken by the Licensee and in line with our Statement of principles for licensing and regulation, the Licensee will voluntarily make a payment in lieu of a financial penalty of £305,150, which includes a £105,650 divestment, and agreement to conduct an independent third-party audit as regards the effective implementation of the Licensee’s AML and safer gambling policies, procedures and controls within 12 months of the conclusion of the Licence Review.

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Skill On Net Limited Findings

Last updated: 23 May 2023

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