FSB Tech Says Their Operations Are Fully Compliant As UK Gambling Commission Has Put Its License Under Review

FSB Tech Says Their Operations Are Fully Compliant As UK Gambling Commission Has Put Its License Under Review

After the UK Gambling Commission put gaming technology and services provider FSB Tech’s license under review, the company has said that they will cooperate with the investigations and that their operations are fully in compliance with the regulations and license agreement terms. FSB Tech also said that it expects a “comprehensive resolution of those concerns in short order”.

In an announcement on Thursday, the UK Gambling Commission said that it had “ “instigated a review under s116 of the Gambling Act into FSB Technology (UK) Limited.”

It said that the company had “voluntarily suspended activities on its Blackbet website” but that this suspension “will not prevent the operator from paying out customers.”

David McDowell, FSB CEO, explained: “The UK Gambling Commission has recently expressed concerns over the levels of due diligence performed on a small number of our white-label partners. These partners and FSB are now fully cooperating with the UKGC and we anticipate the comprehensive resolution of those concerns in short order.

“This process is isolated to a nominal amount of white-label licenses only, and no further impact or site-suspension is expected.

“As a trusted and proven supplier, FSB puts probity at the cornerstone of everything we do, operating in regulated jurisdictions as a matter of policy. Furthermore, we take our social and regulatory responsibilities to our customers and the wider public extremely seriously.”

Earlier last week, the 1xBet online gambling site was pulled off amidst allegations of allowing betting on cockfights and wagers on under-19 athletic competitions.

FSB Tech has been the technology partner of the 1xBet Uk gambling site.

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