Skill On Net Limited
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):
- paragraphs 1,2 and 3 of licence condition 12.1.1 requiring compliance with the prevention of money laundering and terrorist financing
- 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
- 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
- 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)