01 Nov 2019
Gambling Commission CEO Neil McArthur says the level of compliance among UK-facing operators based in Malta is currently “not good enough.”
Referencing the outcome of Commission research from 2018, McArthur said 45 of 123 online operators were told to submit an action plan to raise compliance standards.
A further 14 were the subject of enforcement investigations, while seven operators have paid £18m ($23.2m) in penalty packages and five have surrendered their licenses.
McArthur said: “The Commission is clear that although progress has been made in the regulation of the online market since 2014, far more needs to be done to raise standards.
By Tim Poole, Gambling Insider, 30 October 2019
Read more at Gambling Insider
RiskScreen: Eliminating Financial Crime with Smart Technology
Advance your CPD minutes for this content, by signing up and using the CPD WalletFREE CPD Wallet