Maple International Ventures Limited is set to pay £360,000 as part of the settlement between the licensed operator and the UK Gambling Commission. The company trades under Lottomart in the country and has accepted the regulator’s assessment of the case, leading to the sum and terms of the settlement.
Lottomart’s operator settles with the UKGC in latest probe
The UKGC published a statement on its official web page in which it said that it had investigated the operator’s social responsibility and anti-money laundering practices, determining shortcomings and failures.
The sum of the settlement will be forwarded towards socially responsible causes. Commission Director of Enforcement, John Pierce has commented on the case and on the importance of ensuring that AML and social responsibility standards are met by all operators.
"The cornerstone of every licensed business must be the proper implementation of effective policies and procedures aimed at making gambling crime-free and safer. This operator is now being held to account for anti-money laundering and social responsibility failings uncovered during a compliance assessment."
Pierce also urged other operators who may be following the case to read the documentation provided by both Maple International Ventures as well as the watchdog and try to determine if their own terms and conditions meet the standards outlined.
Unblemished track record leads to a lower sum payable under the enforcement action
In detailing the case further, the UKGC has spoken about specific deficiencies, such as the fact that consumers were able to surpass financial thresholds established by the operator. The company, though, had already been working on a solution by the time the regulator became involved.
Lottomart’s operator, however, also benefited from mitigating factors, with the UKGC acknowledging that there had been no enforcement action opened against the company in the past, and thus giving it the benefit of the doubt.
The regulator also claimed that Lottomart’s operator had failed in establishing robust processes for monitoring customer activity and whether customers are experiencing gambling-related harm.
