UKGC sanction: Videoslots Limited

This investigation followed two compliance assessments which resulted in the commencement of a section 116 regulatory review 1 of Videoslots’ Limited (Videoslots). The regulatory review found failings in the implementation of Videoslots’ processes which were aimed at preventing Money Laundering (ML) and ensuring safer gambling. Between October 2019 and February 2022 2 , Videoslots failed to comply with certain Licence Conditions and Codes of Practice (LCCP), specifically: paragraph 3 of licence condition 12.1.1, requiring licensees to ensure that ML policies, procedures and controls are implemented effectively, kept under review, revised appropriately to ensure that they remain effective, and take into account any applicable learning or guidelines published by the Gambling Commission para