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  1. Public register
  2. Regulatory action register
  3. Settlement for MT SecureTrade Limited

MT SecureTrade Limited

Account number:
Decision date:
15 May 2019
Divestment, Divestment, Payment in lieu of financial penalty, Commission costs and Public statement


The Commission carried out an investigation into MT SecureTrade Limited, which identified weaknesses in its anti-money laundering and customer interaction controls.

The investigation found breaches of:

  • Licence condition
  • Licence condition and
  • Licence condition 12.1.2
  • Licence condition 15.2.1

The investigation also found a failure to comply with:

  • Social responsibility code 3.4.1
  • Ordinary code 3.4.2

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

  • A payment in lieu of a financial penalty of £592,333 which will go to National Responsible Gambling Strategy project(s) to pay for research and treatment,
  • Divestment of:
    • £73,667 to Customer A
    • £34,000 for the benefit of Customer C’s victims
  • A voluntary placing of additional conditions on MT SecureTrade’s operating licence under section 117(1)(b) of the Gambling Act 2005,
  • Agree to the publication of a statement of facts by the Commission, and
  • Payment of £15,301 towards our investigative costs.

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

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