Simon Ashley Reynolds
Account number
18659
Location
NOTTINGHAM
Regulatory actions
What is a sanction?
When a licence holder has not followed rules and regulations aimed at ensuring gambling is fair, safe and crime-free, we can take action and impose the following sanctions:
- Give the licensee a warning
- Add, remove, or amend a condition to the licence
- Suspend a licence
- Revoke a licence
- Impose a financial penalty
Decision date: 19 March 2024
Outcomes: Warning
Details of action
Following a licence review of Mr Simon Reynolds’ Personal Management Licence (PML), the Commission determined the Licensee breached paragraph 1 of the general conditions attached to personal licences under Section 75 of the Gambling Act 2005 (the Act) between December 2019 and October 2020 and issued him with a warning under section 117(1)(a) of the Act.
As the PML holder acting as UK Director of Compliance for licensed operators Ladbrokes Betting and Gaming Limited and LC International Limited (the “Operating Licensees”), responsible for the management of the Operating Licensees’ compliance functions in the UK, Mr Reynolds failed to take all reasonable steps to ensure that the way in which he carried out his responsibilities in relation to licensed activities did not place the Operating Licensees in breach of their licence conditions, namely:
Ladbrokes Betting and Gaming Limited:
- Licence condition 12.1.1, paragraphs 2 and 3 – Anti-money laundering - Prevention of money laundering and terrorist financing
- Social responsibility code provision 3.4.1, paragraphs 1 and 2 – Customer interaction
LC International Limited:
- Social responsibility code provision 3.4.1, paragraphs 1 and 2 – Customer interaction
Mr Reynolds has been cooperative, open and transparent throughout our engagement with him.