{"id":102,"date":"2024-06-14T11:16:56","date_gmt":"2024-06-14T08:16:56","guid":{"rendered":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/14\/10bet-uk-hit-with-620000-penalty-for-aml-and-social-responsibility-failures\/"},"modified":"2024-06-14T23:55:59","modified_gmt":"2024-06-14T20:55:59","slug":"10bet-uk-hit-with-620000-penalty-for-aml-and-social-responsibility-failures","status":"publish","type":"post","link":"https:\/\/sunriseslots100nodepositbonus.icu\/2024\/06\/14\/10bet-uk-hit-with-620000-penalty-for-aml-and-social-responsibility-failures\/","title":{"rendered":"10Bet UK Hit with \u00a3620,000 Penalty for AML and Social Responsibility Failures"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/9ynesKYrb7Q\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A well-known internet wagering service, 10Bet, available to users in the United Kingdom, faces a significant financial penalty for shortcomings in safeguarding its clientele and combating illicit financial activities.  Blue Star Planet Limited, the parent company of 10Bet, received a \u00a3620,000 (approximately $748,000) sanction from the UK Gambling Commission, the regulatory body overseeing the sector. <\/p>\n<p>The Gambling Commission initiated an inquiry in September 2021 after discovering significant deficiencies in 10Bet&#8217;s practices related to areas such as age confirmation, wagering restrictions, and unusual account behavior.  The investigation revealed inadequate measures to prevent at-risk individuals from experiencing gambling-related harm and to deter criminals from utilizing the platform for money laundering purposes.<\/p>\n<p>This penalty represents more than a mere reprimand.  The Commission&#8217;s comprehensive investigation, encompassing a compliance evaluation, determined that 10Bet exhibited multiple failures in its anti-money laundering and responsible gaming protocols.  These failures even constituted a violation of their licensing stipulations for a duration nearing two years.<\/p>\n<p>Despite 10Bet&#8217;s cooperation throughout the investigative process, this fine serves as a potent reminder that gaming entities bear a responsibility to safeguard their patrons and uphold the industry&#8217;s integrity.  The penalty funds will be allocated to charitable initiatives. <\/p>\n<p>The oversight organization determined Blue Planet Ltd. received a light penalty, only needing to contribute \u00a362,000 to a philanthropic cause instead of a financial sanction.  They were, nonetheless, obligated to relinquish an extra \u00a33,571.25 to settle the expenses associated with the inquiry. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A well-known internet wagering service, 10Bet, available to users in the United Kingdom, faces a significant financial penalty for shortcomings in safeguarding its clientele and combating illicit financial activities. Blue Star Planet Limited, the parent company of 10Bet, received a \u00a3620,000 (approximately $748,000) sanction from the UK Gambling Commission, the regulatory body overseeing the sector. [&hellip;]<\/p>\n","protected":false},"author":50,"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 UK Faces Hefty Fine: What Went Wrong?<\/title>\n<meta name=\"description\" content=\"UK betting giant 10Bet, operated by Blue Star Planet Limited, slapped with a massive \u00a3620,000 penalty. 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