UKGC sanction: Spreadex Limited

Following a review of the operating licence of Spreadex Limited (the Licensee), the Commission found that between September 2022 and November 2023 the Licensee: Breached paragraphs 1, 2 and 3 of Licence condition 12.1.1: Anti-money laundering - Prevention of money laundering and terrorist financing. Failed to comply with paragraph 9c of Social Responsibility Code Provision (“SRCP”) 3.4.3: Customer Interaction. Failed to comply with a specific condition attached to its operating licence Failed to sufficiently consider ordinary code provision (“OCP”) 2.1.1 Anti-money laundering - casino*. In line with the Commission’s Licensing, compliance and enforcement policy statement, the Indicative sanctions guidance, and the Statement of principles for determining financial penalties, the Commission