Two UK gambling companies have been hit with fines totalling £675,000 ($841,908) from the UK Gambling Commission (UKGC).
The UK’s gambling regulator announced these penalties on Tuesday against Jumpman Gaming Limited and Progress Play Limited. The charges are related to anti-money laundering and responsible gambling deficiencies. The findings are part of an investigation under the section 116 of the UK Gambling Regulation.
Specifically, Jumpman Gaming has to pay a £500,000 ($623,636) fine and Progress Play was hit with a £175,718 ($219,168) penalty. The money will go toward the National Strategy to Reduce Gambling Harms.
UK Gambling Law is currently under review with new proposals to be expected anytime soon by a parliamentary panel.
Speaking about the action, UKGC director of enforcement and intelligence Leanne Oxley said: “We will always clamp down on operators who fail in their obligations to keep gambling safe and crime-free.”
She went on to encourage other operators to look at the failings in these particular cases and to see areas in which they might be able to improve their own operations.
According to reports, Jumpman Gaming operates 243 websites in the gambling space; there were a number of areas of concern that the UKGC flagged. Most of the issues relate to anti-money laundering and responsible gambling failures. The company allowed users to deposit and lose significant sums before conducting affordability checks.
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Progress Play Limited has 201 websites under its umbrella. Its regulatory review by the UKGC began in August 2020. Similar to Jumpman Gaming, the main failings found relate to the prevention of money laundering and the protection of vulnerable people.