UKGC Fines SkillOnNet £305,150

Betting group SkillOnNet has been ordered to pay £305,150 by the UK Gambling Commission for violating the country's gambling regulations related to social responsibility and anti-money laundering policies.

The payment will be made voluntarily by SkillOnNet instead of being formally fined by the regulator. The company and it's 50 betting sites were investigated by the regulator covering a period between January 2021 and December 2022, and found multiple violations.

SkillOnNet was found to violate Social Responsibility Code Provision (SRCP) paragraphs 1 and 2, by failing to identify players that had displayed behaviors that were congruent with gambling harm. These involved letting players gamble high amounts without any gambling controls activating, letting one player gamble £3,000 per month, which was more than their salary, and letting a player have a seven-hour gambling session, among other failures.

In terms of anti-money laundering violations, the company didn't have appropriate procedures to consider the wealth of customers, identifying disproportionate spending, and relying solely on customer declarations to mitigate money laundering.

The company was found to have been in violation of rule 12.1.1 (2).

The two groups reached the settlement that'll see SkillOnNet paying the fee as well as reimbursing the UKGC £9,079 for investigation costs. The company will also commit to improving their gambling policies.