Day: 11 August 2022

Today, the UK Gambling Commission (UKGC) announced that an online gambling company will have to pay a monetary fine of £630,000 after an investigation held by the regulator unravelled a series of anti-money laundering and social responsibility failures. The UKGC revealed that Smarkets (Malta) Limited is set to pay the aforementioned 6-figure sum because of the failures, as a result of which customers have been allowed to gamble without proper source-of-income checks. The online gambling operator also failed to identify and interact with customers who were exposed to risk of…

EPIC Risk Management has revealed some plans to update its Interactions Masterclass in order to make sure that gambling operators that take the course are aware of the new requirements that the UK Gambling Commission (UKGC) is expected to deploy on September 12th, 2022. In a press release published earlier this week, the company informed that the move is being taken as a preventative measure. The UK gambling regulatory body is set to roll out a total of 14 new requirements, so EPIC Risk Management is willing to make sure…