UK Gambling Commission: £19.6m Of Penalty Packages Issued In 2018-19

UK Gambling Commission: £19.6m Of Penalty Packages Issued In 2018-19

On June 27, the UK Gambling Commission, released its Raising Standards for Consumers Enforcement Report in which it details the efforts made by the gambling authority during 2018-19 to ensure consumer protection and also ensure that licensed gambling operators in the country are complying with the country’s gambling regulations.

In its report, the gambling regulator revealed that they issued a record £19.6m (€21.9m/$24.9m) in penalty packages during 2018-19.

The UKGC also emphasized its commitment to creating safer gambling environment for customers and also ensuring that gambling operators are more responsible.

The gambling commission also said that they stripped three executives of personal management licenses, and issued warnings to four license-holders and two notices of conduct.

Last year, the UKGC conduct 160 regulatory and criminal investigations. It also handled 2,000 intelligence reports and carried out hundreds of risk-based compliance assessments.

Despite these efforts, chief executive Neil McArthur said that more must be done to ensure UK consumers can take part in gambling activities in a safe and legal manner.

While reiterating that more needs to be done, UKGC Chief Executive, Neil McArthur, said: “During 2018-19, we have seen progress in some areas, which we welcome and want to build on, but there have still been too many occasions where we have had to step in with tough action to protect consumers and the wider public.

“For example, we have carried out a substantial number of investigations into online gambling operators. Several online casino operators and members of their senior management have been sanctioned at the conclusion of those investigations due to social responsibility and anti-money laundering failings.”

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