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TGP Europe Fined

Published on April 9, 2023
Updated on November 6, 2023
Written by Chris

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TGP Europe Fined

The UK Gambling Commission have stated that gambling operator TGP Europe Limited will pay a £316,250 penalty for anti-money laundering (AML) and social responsibility failures. The operator runs 19 websites

TGP will also receive an official warning and will have conditions added to its licence. TGP Europe power a number of companies who offer sports betting and who provide sponsorship to Premier League football clubs. Current Premier League clubs with sponsors which use TGP Europe to access the UK market include Newcastle United (Fun88), Aston Villa (Kaiyun Sports) and Nottingham Forest (6686).

Social responsibility failures included:

Allowing customers to continue to gamble after hitting multiple safer gambling alerts without intervention

Relying on automated, as opposed to human, interactions when customers hit safer gambling alerts

Not assessing the effectiveness of these interactions or whether additional steps were required such as a telephone interaction.

Anti-money laundering failures included:

Not having a money laundering and terrorist financing risk assessment which adequately addressed risks, such as customers providing false or stolen identification documentation and risks linked to complex or unusually large transactions

Not adequately considering and mitigating the money laundering risks posed by their business-to-business relationships

Having ineffective policies and procedures in relation to due diligence undertaken prior to white label agreements.

Additional licence conditions setting out action the licensee must take to ensure thorough due diligence checks are conducted have been added to the operator’s licence. The Gambling commission also state that all operators entering white-label partnerships must be aware of their obligations.

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Chris is a former athlete and a qualified PE teacher. He is a keen football fan, watching many matches at different levels throughout the season, and enjoys following many different sports. With betting and sports sites, he has a keen eye for detail and can to highlight positives and negatives for users. His experience in sport as a performer, teacher, writer and fan allows him to see things from many different perspectives. Editorial Promise