In Touch Games for social responsibility failure, marketing practices and anti-money laundering (AML), the UK Gambling Commission put the sword to the online multi-brand operator. For several online casino brands, significant operator failures identified by the UK gambling regulator.
In Touch Games, ordered to undergo an independent compliance audit and sanctioned $3.4 million. In social responsibility, transparent terms and practices, AML the Gambling Commission identified failures.
LCCP Compliance Audit and Fine
A £3.4 million dished by the under-fire betting regulator and penalty to the company runs MFortune, MrSpin, CashMo, Stotfactory, PocketWin all these online casino brands. Regarding conformity, it undergoes an independent evaluation in addition to instructing it with the LCCP (License Condition and Coders of Practice).
To raise industry’s standards and holds failing operators to account, we will continue to work through our enforcement and challenging compliance activity, said the Executive Director of Gambling Commission Richard Watson.
The Gambling Commission to provide safeguard customers at sports betting platform regarding its failure facing public scrutiny, which recently left its clients and went into administration. On the platform, the clients left funds trapped against the online casino brands undertook enforcement action due to the three failures, including Anti-Money Laundering (AML), Social Responsibility and Transparent and Fair terms and practices.
Failing Areas
By starting with customers’ interaction, a customer provides identifications and may offer a bonus failed its Social Responsibility in Touch Games.
Moreover, seven customers not treated according to the operator’s policies who were showing gambling problems sign. To provide decision-making effectively and ignores mandatory limits placed on account of the customers, this led to not using all relevant information sources.
As a payment provider for customers, the risk of using a cryptocurrency exchange and the company’s risk assessment did not take into account noted by the Gambling Commission about the failures of AML.
In its interaction with its customers, In Touch Games fails to comply with fair and transparent terms and practices identified by the Gambling Commission. In Touch Games, the UK gambling regulator ordered the operator, besides issuing a fair and official warning, as its expenses and as part of the new license condition the procedures and practices to ensure full compliance with LCCP.