UKGC sanction: Dikov Valentin Bonchev

Following a licence review of Mr Valentin Dikov’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 a PML holder acting as Head of Compliance and the Money Laundering Reporting Officer (“MLRO”) for Blue Star Planet Limited (“the Licensed Entity”), with overall responsibility for providing the Licensed Entity with its gambling regulatory compliance as head of that function, Mr Dikov failed to take reasonable steps to ensure the Licensed Entity’s compliance with: paragraphs 1, 2 and 3 of licence condition 12.1.1, requiring compliance with the prevention of money laundering