Lottomart Settles with UKGC Over AML, Social Responsibility Failures
Lottomart, operated by Maple International Ventures Limited in the UK, has reached a settlement with the UK Gambling Commission (UKGC) over Anti-Money Laundering (AML) and social responsibility failures. The company will pay £360,000 as part of the agreement.
The UKGC's investigation uncovered shortcomings in Lottomart's AML and corporate social responsibility practices. The operator allowed consumers to exceed established financial thresholds, and there were failures in monitoring customer activity and potential gambling harm. This is despite the operator not having faced previous enforcement action, which was considered a mitigating factor in the settlement.
John Pierce, the UKGC's Director of Enforcement, stressed the importance of AML and social responsibility standards for all operators. Lottomart's operator had begun addressing the issues before the regulator's involvement, but the UKGC's statement highlights the need for robust practices across the industry.
Lottomart has settled with the UKGC for £360,000, with the funds to be used for socially responsible causes. The case serves as a reminder of the importance of strict AML and social responsibility measures for all gambling operators.
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