Skill On Net Limited

Tracked across 2 regulatory actions from authority publications.

Low

0.6

Risk Score

€714,051

Fines (lifetime)

Total actions

2023-05-23

Most recent

Distinct authorities

How this risk score is calculated: we sum (log-scaled fine amount + action-type severity) for every published action against this entity, then apply 1-year exponential time decay so older actions weigh less. Range: Low (<5), Moderate (5–15), High (15–40), Severe (>40). Risk reflects regulatory exposure on the public record, not internal compliance posture.

Action timeline

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

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

Risk contribution: +0.29 (severity 1 · decay 0.044) €357,026

Public Statement UK Gambling Commission · GB · 2023-05-23

UKGC public statement: Skill On Net Limited

Public statements Premises Other parts of the website For public and players For licensees and businesses For licensing authorities Corporate information About us News Contact us Online services Public register Public statements Statement Contents Skill On Net Limited Public Statement Skill On Net Limited Executive Summary Skill On Net Limited Findings Skill On Net Limited Regulatory Settlement Print statement Public statement Skill On Net Limited Public Statement Published: 23 May 2023 Search or save this guide Search this guide by: pressing Ctrl+f on your keyboard if you’re using a PC or ⌘+f if you’re using a Mac. typing the word or search term that you’re looking for. Save a copy of this guide by: choose the 'save page' option in your browser save the HTML file in your chosen location. You can also save this page as a PDF by: selecting the 'print this guide' button or use your browser print option in the print settings window, select 'Save as PDF' save the PDF file in your chosen lo

Risk contribution: +0.29 (severity 1 · decay 0.044) €357,026

Factual reporting based on official authority publications. Risk score is a quantitative model derived from public-record actions only — it is not a credit rating, legal opinion, or recommendation. If you represent Skill On Net Limited and need a correction, contact us with the source reference.