Cookies on the Gambling Commission website

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
  1. Public register
  2. Regulatory action register
  3. Settlement for Skill On Net Limited
Settlement

Skill On Net Limited

Account number:
39326
Decision date:
23 May 2023
Outcomes:
Payment in lieu of financial penalty, Public statement, Commission costs, Other action, Payment in lieu of financial penalty and Divestment

Details

This investigation followed the commencement of a section 116 regulatory review of Skill on Net Limited (the Licensee). 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 2022, the Licensee failed to comply with the following Licence Conditions and Codes of Practice (LCCP):

  1. paragraphs 1,2 and 3 of licence condition 12.1.1 requiring compliance with the prevention of money laundering and terrorist financing
  2. licence condition 12.1.2 requiring operators based in foreign jurisdictions to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017
  3. 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
  4. 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.

More information about this case can be found on our website: Skill On Net Limited Public Statement (gamblingcommission.gov.uk)

Is this page useful?
Back to top