Industry reaction to Entain paying £17m to the UKGC over social responsibility and AML failures
Comments by David Clifton feature in an EGR Compliance article entitled ‘Industry reaction to Entain paying £17m to the UKGC over social responsibility and AML failures’, carrying the sub-heading ‘As the UK’s gambling watchdog enforces its largest ever censure of an operator, how was the news greeted around the sector?’.
You can find full details of this same matter in our website posting yesterday (17 August 2022) entitled ‘Record £17million payment to be made to the UKGC following AML and social responsibility failings by Entain’.
Today’s EGR article is behind a paywall, as a result of which it is available only to EGR subscribers, but David comments within that article as follows:
I suspect there is more to this story than first meets the eye. Entain’s statement that it ‘entered into the regulatory settlement with the Commission in order to …. avoid further costly and protracted legal proceedings’, coupled with its carefully chosen phrase ‘alleged historical licensing breaches’ seem somewhat at odds with the Gambling Commission’s two Public Statements that refer to the respective Entain licence holding companies accepting they had breached licence conditions, that ‘weaknesses and shortcomings’ existed in (and in implementation of) their policies and procedures and were not fully in compliance with Social Responsibility Code provisions of the Licence Conditions and Code of Practice.