This week the UK Gambling Commission announced that it had fined 10Bet parent company Blue Star Planet for social responsibility and anti-money laundering failings.
The offending actions took place between November 2019 and June 2021, and saw 1-Bet failing to have proper policies, controls, and procedures for preventing money laundering.
Specific anti-money laundering violations were Blue Star not explicitly acknowledging high-risk customer risks, allowing player deposits of large sums without risk profiling occurring, and failure to keep policies under review. The operator also failed to display licencing information, as they had a broken link to verify this information.
On the social failings front, Blue Star Planet didn't interact with customers who triggered reviews at nighttime periods, instead pushing those reviews to the next day, potentially allowing gamblers to hit multiple thresholds. The company also didn't have financial risk alerts in place and didn't interact with problem gamblers during the UKGC's assessment.
Instead of a straight penalty, the company struck an agreement that'll see Blue Star Planet paying £620,000 in a settlement that'll go to responsible gambling causes. A £3,571.25 payment will be made to the UKGC to cover the investigation costs.