Day: 4 August 2022

UKGC Imposes £1.32-Million Fine on Online Gambling Company LeoVegas for AML and Social Responsibility Failures

Thu 4 Aug 2022 10.24 Olivia Cole
UKGC Imposes £1.32-Million Fine on Online Gambling Company LeoVegas for AML and Social Responsibility Failures

The gambling company LeoVegas faces a monetary penalty worth £1.32 million after the UK gambling regulator made revelations of the operator’s anti-money laundering and social responsibility failures. As revealed by the UK Gambling Commission (UKGC), LeoVegas, which currently operates a number of British-facing online gambling platforms, including leovegas.com, betuk.com, pinkcasino.co.uk, 21.co.uk, and slotboss.co.uk, will also face an official warning. The gambling company will have to undergo an audit to make sure it is efficiently implementing its social responsibility and anti-money laundering policies, controls, and procedures. The Director of Enforcement and…

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IBAS Willing to Take Over the Powers and Responsibilities of the New Gambling Ombudsman in the UK

Thu 4 Aug 2022 6.05 Daniel Williams
IBAS Willing to Take Over the Powers and Responsibilities of the New Gambling Ombudsman in the UK

One of the alternative dispute resolution (ADR) services available within the UK gambling sector that makes formal judgements on disagreements between licensed gambling companies and their clients for more than 20 years – the Independent Betting Adjudication Service (IBAS) – is now seeking to become the new Gambling Ombudsman in the country. The ambitious plan to take over the role and powers of the UK’s new Gambling Ombudsman was officially announced by the service in a statement published on its website earlier this week. Everyone in the sector has been…

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