{"id":129,"date":"2024-06-15T02:21:39","date_gmt":"2024-06-14T23:21:39","guid":{"rendered":"https:\/\/uptownacesnodepositbonuscodes.icu\/2024\/06\/15\/uk-gambling-commission-fines-10bet-operator-620000-for-social-responsibility-and-money-laundering-failures\/"},"modified":"2024-06-17T13:22:08","modified_gmt":"2024-06-17T10:22:08","slug":"uk-gambling-commission-fines-10bet-operator-620000-for-social-responsibility-and-money-laundering-failures","status":"publish","type":"post","link":"https:\/\/uptownacesnodepositbonuscodes.icu\/2024\/06\/15\/uk-gambling-commission-fines-10bet-operator-620000-for-social-responsibility-and-money-laundering-failures\/","title":{"rendered":"UK Gambling Commission Fines 10Bet Operator \u00a3620,000 for Social Responsibility and Money Laundering Failures"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/jH-R9NKReVQ\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The United Kingdom&#8217;s Gambling Commission recently imposed a substantial financial penalty on the internet betting site 10Bet.  Blue Star Planet Limited, the platform&#8217;s operator, was deemed to have failed in its duties regarding social responsibility and measures to prevent money laundering, resulting in a fine of \u00a3620,000 (approximately $748,000).  This resolution, agreed upon by the firm and the Commission, will see the entirety of the funds allocated to philanthropic endeavors.<\/p>\n<p>Initiated in September of 2021, the inquiry revealed significant deficiencies in Blue Star Planet&#8217;s attempts to address money laundering and safeguard susceptible users.  From November 2019 to June 2021, the company seemingly ignored numerous licensing stipulations and established protocols.  Their anti-money laundering procedures were rife with gaps, and their dedication to responsible gaming practices was deemed insufficient. <\/p>\n<p>After an inquiry, the gaming commission directed Blue Planet Limited to remit \u00a3620,000 as a substitute for a penalty. These funds will be gifted to charitable organizations. The firm was also instructed to cover the investigation expenses with an added payment of \u00a33,571.25. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The United Kingdom&#8217;s Gambling Commission recently imposed a substantial financial penalty on the internet betting&#8230;<\/p>\n","protected":false},"author":88,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10Bet Hit With Hefty Fine: Gambling Site Fails Responsibility Check<\/title>\n<meta name=\"description\" content=\"Online betting platform 10Bet, operated by Blue Star Planet Limited, faces a \u00a3620,000 penalty for dropping the ball on social responsibility and anti-money laundering measures. 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