888 UK Limited
Details
Following a review of the operating licence undertaken against 888 UK Limited (the Licensee) the Commission found that the Licensee:
• breached paragraphs 1, 2 and 3 of licence condition 12.1.1 – Anti-Money Laundering (Prevention of money laundering and terrorist financing)
• breached paragraph 1 of licence condition 12.1.2 – Anti-Money Laundering (Measures for operators based in foreign jurisdictions)
• failed to comply with paragraphs 1 and 2 of social responsibility code provision of practice (SRCP) 3.4.1 – Customer Interaction
• failed to comply with SRCP 3.9.1 – Identification of individual customers - remote
In line with the Commission’s Licensing, compliance and enforcement policy statement, the Indicative sanctions guidance and the Statement of principles for determining financial penalties, the Commission has decided to:
(i) impose a warning under section 117 (1) (a) of the Gambling Act 2005 (the Act) in respect of the breaches identified
(ii) attach an additional conditions to the Licensee’s operating licence under section 117(1)(b) of the Act requiring the Licensee to conduct a third-party audit within 12 months of the conclusion of the review, to examine whether the Licensee is effectively implementing its anti-money laundering and social responsibility policies, procedures and controls
(iii) impose a financial penalty of £9,409,756.48 under section 121 of the Act.
The Licensee co-operated with the Commission throughout the investigation and took corrective steps to address the identified failings