by Jyotsna Bucktowar | May 22, 2025
The regulator’s investigation revealed critical weaknesses in Spreadex’s risk assessment processes, which failed to adequately factor in key customer, product, geographic, and payment risks, leading to an insufficiently risk-based approach to anti-money laundering...
by Jyotsna Bucktowar | Apr 17, 2025
The Commission emphasizes that operators must adhere to their reporting obligations, ensuring that returns are submitted on time via the designated online portal. The warning comes after a significant update to the Licence Condition 15.3.1 in July 2024, which now...
by Jyotsna Bucktowar | Apr 14, 2025
The investigation which began in June 2024, uncovered that several individuals allegedly had access to confidential information about the election date ahead of its public announcement. These individuals are accused of using this advance knowledge to place unfair...
by Jyotsna Bucktowar | Apr 1, 2025
The company allowed high-risk customers to continue gambling without completing enhanced due diligence checks and relied too heavily on financial alerts, failing to respond to other indicators of gambling harm such as excessive time spent or rapid spending. While the...
by Jyotsna Bucktowar | Mar 20, 2025
AML failures included allowing customers to stake and lose large sums without sufficient KYC checks or verifying the source of funds. One customer lost £14,000 over eight months without proper fund legitimacy checks. The operator’s risk assessment also failed to fully...
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