UK-facing firms rattled by escalating penalties

David Clifton is quoted in the front-page article of this month’s iGaming Times entitled “UK-facing firms rattled by escalating penalties”.

The article focuses on the recent regulatory enforcement action taken by the Gambling Commission against Daub AlderneyCasumo Services and Videoslots for AML and social responsibility failings and the Commission’s resolve to take regulatory action against individuals responsible for operators’ failings.

David’s comments on this subject are quoted in the following extract from the article:

According to David Clifton, licensing expert at consultancy Clifton Davies, operators’ responsibilities “could not have been clearer”, from the “successive public statements” made by the Gambling Commission dating back to 2013. However the fines this autumn do show that operators “licensed in other jurisdictions …. need to up their game considerably,” he added.

Of particular note is that individual executives can and now will be punished individually. 

Having long predicted that the GC would start targeting PML holders personally, Clifton suggested this new approach could make a lasting difference to the sector. “A realisation on their part that they may lose their careers in the industry may serve as the big wake-up call that will finally see compliance standards reach the level that the GC has, over a long period of time, made abundantly clear it requires from all of its licence holders.”