Sanction
Cook Timothy Simon Stuart
Details
Following a licence review of Mr Timothy Cook’s 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) and issued him with a warning under section 117(1)(a) of the Act.
As the PML holder acting as the Head of Regulatory Compliance, Money Laundering Reporting Officer (MLRO), and General Counsel of 32Red Limited (32Red) and Platinum Gaming Limited (PGL), Mr Cook failed to take reasonable steps to ensure:
1. 32Red’s compliance with the requirements of:
- a. Licence condition 12.1.1, paragraphs 2 and 3 – Anti-money laundering-Prevention of money laundering and terrorist financing
- b. Licence condition 12.1.2 – AML-Measures for operators in foreign jurisdictions
- c. Social responsibility code provision (SRCP) 3.4.1 – Customer interaction
2. PGL’s compliance with the requirements of:
- a. Licence condition 12.1.1, paragraphs 1, 2 and 3 – Anti-money laundering-Prevention of money laundering and terrorist financing
- b. Licence condition 12.1.2 – AML-Measures for operators in foreign jurisdictions
- c. Social responsibility code provision (SRCP) 3.4.1 – Customer interaction
- d. SRCP 3.9.1 – Identification of individual customers
Mr Cook has been open and transparent throughout our engagement with him.