{"id":6436,"date":"2024-01-12T06:46:37","date_gmt":"2024-01-12T06:46:37","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/01\/12\/ukgc-imposes-6-million-on-gamesys-as-penalty-for-compliance-shortcomings\/"},"modified":"2024-01-12T06:46:37","modified_gmt":"2024-01-12T06:46:37","slug":"ukgc-imposes-6-million-on-gamesys-as-penalty-for-compliance-shortcomings","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/01\/12\/ukgc-imposes-6-million-on-gamesys-as-penalty-for-compliance-shortcomings\/","title":{"rendered":"UKGC Imposes \u00a36 Million On Gamesys As Penalty for Compliance Shortcomings"},"content":{"rendered":"
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The gambling operator Gamesys was fined \u00a36 million by the UK Gambling Commission (UKGC) as a result of an inquiry that revealed deficiencies in AML (anti-money laundering) and social responsibility. Requiring regulatory action, the infractions happened between November 2021 and July 2022.<\/p>\n

In addition to paying a fine, Gamesys, the company behind 16 websites, including megawayscasino.com, jackpotjoy.com, doublebubblebingo.com, and ballycasino.co.uk, will also have to go through a third-party audit. The purpose of this audit is to make sure that policies, procedures, and controls pertaining to safer gaming and anti-money laundering are being implemented effectively.<\/p>\n

Kay Roberts Stresses Regulatory Vigilance<\/h2>\n

The UKGC\u2019s Executive Director of Operations, Kay Roberts, underlined the regulatory commitment to safe, secure, and free from criminal activity. She said, \u201cWhenever we find failures in policies and procedures, the business can expect significant regulatory action.\u201d<\/em><\/p>\n

The Commission\u2019s examination exposed Gamesys\u2019 social responsibility failings, such as its inability to identify consumers who may be harmed by gaming. The mistakes included putting undue reliance on certain checks, failing to identify damage concerns through deposit restrictions in a timely manner, and not interacting enough with consumers who were at risk.<\/p>\n

Failures in social responsibility included communicating with a client only after they had lost over \u00a310,000 and suggesting new games and incentives in a \u201cresponsible gambling interaction.\u201d In a different situation, a client who lost \u00a319,709 over the course of five months was dealt with just once.<\/p>\n

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