By The Weekly Edge desk ·
iGaming Today reported that the UKGC raised its money laundering classification for gambling software suppliers from low to medium. The regulator cited concerns about licensed games reaching illegal sites through complex B2B supply chains.
Software suppliers face a higher regulatory money laundering classification because of distribution-chain concerns.
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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.