Two online casinos will pay a total of £1.3m after Commission investigations revealed social responsibility failures at the businesses.
Rank Digital Gaming (Alderney) Limited – trading as bellacasino.com, grosvenorcasino.com, meccabingo.com and meccagames.com – will pay a £700,557 regulatory settlement for social responsibility failures.
Annexio (Jersey) Limited – trading as lottogo.com – will pay £612,000 regulatory settlement for both social responsibility and money laundering failures.
Licence applicants are being warned about the risks and limitations of using crypto-assets as a source of funds - and are therefore being advised not to apply without full and complete source of funds information at application stage.
In recent years we have seen an increase in applicants who have stated they intend to use the digital assets to set up their business. To date all of these have been unsuccessful because the anonymity afforded by most crypto-assets - along with issues in the process of obtaining them - has meant applicants have been unable to satisfactorily answer questions we ask to ensure gambling is not funded by the proceeds of crime.
This guidance follows our regulatory data consultation and follow-on informal engagement with trade associations and third-party test purchasing providers. We will now collect this data annually, with FY21-22 results due by 12 May 2022.
We are calling for views on proposed changes to our Licensing, Compliance and Enforcement Policy, which we last amended in 2017.