Archive | May, 2021

Emerging money laundering risks identified in new UKGC bulletin

The attention of all UK licensed gambling operators is drawn to a “Covid-19 emerging risks bulletin – May 2021” published today (28 May 2021) by the Gambling Commission, that looks at: innovations in cryptoassets, the quality of suspicious activity report (SAR) submissions, insufficient due diligence checks and the threat of organised crime. AML/CTF risk assessments together […]

Time to assess the evidence

In this month’s ‘Licensing Expert’ article for SBC News entitled “Time to assess the evidence” (accessible here), David Clifton comments on, amongst other things: the crucial need for the outcome of the U.K. Government’s Review of the Gambling Act 2005 to be about evidence not ideology, fact not fiction, the radical differences of opinion between ‘Peers for Gambling […]

PGR economic analysis of recommendations for gambling reform is dismissed by the BGC as “fantasy figures”

‘Peers for Gambling Reform’ (“PGR”) have today (26 May 2021) published a report on the economic analysis of selected recommendations of the House of Lords Select Committee Report on the Social and Economic Impact of the Gambling Industry, eliciting an immediate and highly dismissive response from Betting & Gaming Council (“BGC”) Chief Executive Michael Dugher […]

All UK licensed remote gambling operators must read important affordability update from the UKGC

The Gambling Commission has today (25 May 2021) provided an update on its Remote Customer Interaction Consultation (and accompanying Call for Evidence on “affordability thresholds and actions” for the remote gambling sector). Although the Commission intends to proceed with a future consultation on “thresholds for operators to take action and guidance on what those actions […]

Speech by UKGC’s Acting Joint CEO includes comment on PG rates, Affordability and Reduction of gambling-related harm

The Gambling Commission’s Acting Joint Chief Executive Sarah Gardner has today (20 May 2021) delivered a speech entitled “Reducing risks, tackling harms” at the Shard Financial Vulnerability Summit 2021, focusing on the Commission’s work to tackle vulnerability and gambling harm. You can download her speech below. Points of note include the following. 1. Problem gambling rates […]

0% margin claim in Marathonbet ads found not to be misleading

A highly technical analysis conducted by the Advertising Standards Authority (with the benefit of advice from the Gambling Commission) has resulted in the following Facebook post and a paid-for Facebook ad for Marathonbet, containing “0% margin” claims, being found not to be misleading. The Facebook post, dated 12 August 2020, stated “We’re offering 0% margin […]