UK gambling operator Lottomart pays £360K fine to regulatory body for gaming infractions
The UK Gambling Commission (UKGC) has announced a settlement with the operator of Lottomart in the UK, Maple International Ventures Limited, for deficiencies found in their anti-money laundering (AML) and social responsibility practices. According to the UKGC, the operator failed to establish robust processes for monitoring customer activity and gambling-related harm. The regulator's Director of Enforcement, John Pierce, emphasized the importance of ensuring that these standards are met by all operators. The settlement, amounting to £360,000, will be used for socially responsible causes. It is worth noting that Maple International Ventures Limited had already been working on rectifying the identified deficiencies before the regulator's involvement. The UKGC's investigation uncovered deficiencies in Lottomart's financial thresholds established by the operator. However, the exact amount of the financial thresholds exceeded by consumers in Lottomart's case remains undisclosed. The settlement payable by Maple International Ventures Limited may have been lower due to the operator's unblemished track record and lack of previous transgressions at the time of the investigation. The UKGC has acknowledged these mitigating factors. In a statement, John Pierce, the cornerstone of every licensed business should be the proper implementation of effective policies and procedures aimed at making gambling crime-free and safer. He further emphasized the importance of operators reviewing their terms and conditions to meet the standards outlined, following the case of Lottomart. The UKGC has not provided detailed information on the specific robust processes they expect operators to establish for monitoring customer activity and gambling-related harm. However, the regulator has emphasized the need for operators to take a proactive approach in addressing these issues. Entain plc, another operator, has recently faced similar scrutiny from the UKGC. The commission found shortcomings and failures in Entain's practices and has ordered the company to pay £17 million to meet the agreed conditions. The UKGC's investigation into Lottomart's practices is a reminder to all operators of the importance of adhering to the UKGC's standards for AML and social responsibility. The commission is committed to ensuring that gambling is conducted in a safe and responsible manner.
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