Operator Payment In Lieu Of Financial Penalty, Public Statement, Commission Costs, Other Action, Payment In Lieu Of Financial Pen UK Gambling Commission· GB · 2023-05-23

UKGC sanction: Skill On Net Limited

→ Skill On Net Limited (license 39326)

This investigation followed the commencement of a section 116 regulatory review of Skill on Net Limited (the Licensee). The regulatory review found failings in the Licensee’s processes which were aimed at safer gambling and preventing Money Laundering (ML). Between the period of January 2021 and December 2022, the Licensee failed to comply with the following Licence Conditions and Codes of Practice (LCCP): paragraphs 1,2 and 3 of licence condition 12.1.1 requiring compliance with the prevention of money laundering and terrorist financing licence condition 12.1.2 requiring operators based in foreign jurisdictions to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017 paragraphs 1a, b and 2 of social responsibility code pro

Amount (EUR)

€357,026

Original currency

£305,150,

Action date

2023-05-23

Authority

UK Gambling Commission

Country

Primary source:
https://www.gamblingcommission.gov.uk/public-register/regulatory-action/detail/198 ↗

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