The Gambling Commission website uses cookies to make the site work better for you. Some of these cookies are essential to how the site functions and others are optional. Optional cookies help us remember your settings, measure your use of the site and personalise how we communicate with you. Any data collected is anonymised and we do not set optional cookies unless you consent.

Set cookie preferences

You've accepted all cookies. You can change your cookie settings at any time.

Skip to main content

Gamesys Operations Limited

Account number

38905

Head office address

Suite 2, Floor 4, Waterport Place,
Gibraltar, GX11 1AA, Gibraltar

Regulatory actions

Settlement
What is a settlement?

Following an investigation into a licence holder we may enter into a regulatory settlement. These take place, for example, where the licence holder has been open and transparent with us and has shown a willingness to suggest actions that prevent the need for a more formal sanction.

Decision date: 12 June 2019

Outcomes: Payment in lieu of financial penalty, Divestment, Commission costs and Public statement

Details of action

The Commission carried out an investigation into Gamesys (Gibraltar) Limited which identified weaknesses in its anti-money laundering and customer interaction controls.

The investigation found:

  • Breaches of the Money Laundering Regulations 2007, and
  • A failure to comply with Social Responsibility Code 3.4.1

In line with our Statement of principles for licensing and regulation, Gamesys has agreed to a regulatory settlement consisting of:

  • A payment in lieu of a financial penalty of £690,000 which will go to the National Strategy to Reduce Gambling Harms
  • A divestment to reimburse identified victims of crime of £460,472
  • Payment towards our investigative costs

For more information, please see the Commission’s public statement which can be found on our website.

Is this page useful?
Back to top