The UK Gambling Commission has announced that Blue Planet Limited trading as 10Bet must pay a settlement of £620,000 (€698,306) after a Commission investigation uncovered social responsibility and anti-money laundering failures.
10Bet to Pay Settlement to UK Gambling Commission for AML and Social Responsibility Failings-
10Bet to Pay Settlement to UK Gambling Commission for AML and Social Responsibility Failings
- Deficiencies in its responsible gambling policies, procedures, controls and practices, including weaknesses in implementation
- Weaknesses in its reporting arrangements.
Those deficiencies in social responsibility included:
- No dedicated compliance staff to monitor safer gambling alerts overnight. Customers who reached safer gambling triggers overnight would be reviewed the following day
- Manual reviews allowed customers to pass safe gambling triggers without intervention
- A failure to have high-velocity risk alerts allowing customers to spend without interactions from staff 10Bet to Pay Settlement to UK Gambling Commission for AML and Social Responsibility Failings 10Bet to Pay Settlement to UK Gambling Commission for AML and Social Responsibility Failings
In addition to the settlement fee, Blue Planet must also pay £3,571.25 (€4,022) towards the Commission’s costs of investigating the case.
This brings the total fines for 2023 to more than €11.9 million. Gambling industry fines in 2022 came to €251,712,034 / $269,532,490 – a significant increase of 443.9% compared to 2021’s total of €44,753,969 / $48,642,992.
Olivia Richardson
10Bet to Pay Settlement to UK Gambling Commission for AML and Social Responsibility Failings