By The Weekly Edge desk ·
GamblingNews reported that UKGC published an assessment of money laundering and terrorist financing risks in gambling. It identified fraud technology and growth in illegal markets among emerging threats.
The assessment identifies threats relevant to gambling operators’ financial crime controls.
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The suspensions halt betting at both operators while requiring them to preserve customer withdrawals and communicate changes affecting customers.
The Commission’s policy, research, statistics and National Lottery regulation functions will be led by a senior DCMS gambling and lotteries leader.
The appointment transfers policy, research and lottery oversight responsibilities to Fox.
Fox’s secondment covers policy and research responsibilities as Miller prepares to leave.
UKGC licence suspensions affect Bet St George and BresBet, with Bet St George suspended five months after launch.
UKGC advises Bet St George customers who believe the operator owes them funds to contact BTG following the administrator appointment.