The UKGC has issued a reminder in which it tells licence holders that they must follow take responsibility for third parties.
UK.- The UK Gambling Commission (UKGC) continues with its initiative to improve the local gambling landscape. This time, the UKGC issued a reminder to licensees in regards to white label gambling websites, and told operators that they must follow their obligations when operating those sites.
The UKGC highlighted the responsibility for third parties, and said that it makes clear that licensees are responsible for the third parties that they contract with. It also said that they respond to these third parties, and that the latter should act as if they shared the same licence.
“Licensees must know their customers and be able to demonstrate knowledge, oversight and proactive interactions where appropriate. Any interventions must be completed in a timely manner,” said the UKGC.
Moreover, the UK regulator said that it expects licensees to obtain the necessary assurance by conducting adequate due diligence on the third party to ensure that they are competent and reliable.
“Failure to maintain adequate control of third parties can result in regulatory action including suspension or the loss of the operating licence,” warned the UKGC.
UKGC suspended EveryMatrix’s licence
The commission explained that it determined to suspend the operating licence of EveryMatrix, but just the ability to offer remote facilities for real event betting other than pool betting or betting on virtual events, and to operate a remote casino.
“We have not suspended the Licensee’s activities of manufacturing, supplying, installing or adapting gambling software. The suspension of EveryMatrix Software Limited takes effect immediately,” said UKGC.
“We instructed the operator that they may settle ante-post bets, placed prior to the suspension coming into force and facilitate customers’ accessing their accounts to withdraw funds,” explained the regulator.