{"id":4515,"date":"2020-05-11T11:24:32","date_gmt":"2020-05-11T11:24:32","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4515"},"modified":"2020-05-11T11:24:41","modified_gmt":"2020-05-11T11:24:41","slug":"ukgc-hits-fsb-with-600k-fine-triggering-greater-scrutiny-for-white-label-behavior","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/ukgc-hits-fsb-with-600k-fine-triggering-greater-scrutiny-for-white-label-behavior\/","title":{"rendered":"UKGC Hits FSB With \u00a3600k Fine Triggering Greater Scrutiny for White Label Behaviour"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/05\/uk-gambling-commission.jpg\" alt=\"UKGC Hits FSB With \u00a3600k Fine Triggering Greater Scrutiny for White Label Behaviour\" title=\"UKGC Hits FSB With \u00a3600k Fine Triggering Greater Scrutiny for White Label Behaviour\" class=\"wp-image-3544\" width=\"300\"\/><\/figure><\/div>\n\n\n\n<p>The <strong>UK Gambling Commission<\/strong> (UKGC) fined <a href=\"https:\/\/fsbtech.com\">FSB Technology<\/a> a total of \u00a3600,000 for what the UKGC considered failures of the sportsbook and white label supplier in managing the behaviour of its licensed third-party partners.<\/p>\n\n\n\n<p>The UKGC investigation showed that a number of FSB\u2019s white label partners ran afoul of various industry standards on <strong>anti-money laundering, appropriate advertising, customer interaction, self-exclusion protocols and <a href=\"https:\/\/www.top10casinowebsites.net\/news\/ukgc-releases-details-of-industry-partnered-new-responsible-gaming-initiative\/\">responsible gambling guidelines<\/a><\/strong>.<\/p>\n\n\n\n<p>The gambling commission was compelled to investigate FSB after their sudden takeover of the now defunct white label supplier Blacktype. FSB\u2019s fine will be allocated toward its responsible gambling initiatives, outlines in their new National Strategy.&nbsp;<\/p>\n\n\n\n<p>According to the UKGC, as the license holder, it is the responsibility of FGC to provide oversight for their partners\u2019 operations and practices. In their judgment, the Gambling Commission stated that the \u2018<em>white label<\/em>\u2019 partnership between FGC and its partners renders FGC responsible for ensuring that their partners conform to the GC\u2019s regulations on fair gambling practices. The UKGC also warned other white label suppliers that it is their job to enforce the standards set out by the Commission on gambling operators.<\/p>\n\n\n\n<p>The UKGC has been joined by the Department for Digital, Culture, Media and Sport (DCMS) in stating that a review of technology suppliers will be a key component in the upcoming government review of the <a href=\"http:\/\/www.legislation.gov.uk\/ukpga\/2005\/19\/contents\">2005 Gambling Act<\/a>, widely considered as obsolete by anti-gambling advocates. The UKGC\u2019s licensing department has stated it is essential for their role to understand the role of technology suppliers in the operation of online gambling firms.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>White Labels to be Held Responsible for Partners\u2019 Behaviors<\/strong><\/h2>\n\n\n\n<p><strong>Richard Watson<\/strong>, Executive Director for the UKGC said that the Commission\u2019s actions against FSB should serve as a warning to other technology providers, as it is a precedent for how the Commission will view the behavior of other white labels with respect to their third-party partners\u2019 activities.<\/p>\n\n\n\n<p>Watson stated that white label licensees will be held responsible by the UKGC for any breaches or shortcomings to gambling regulations committed by their partners\u2014putting the onus to police such activities squarely on the white labels.<\/p>\n\n\n\n<p>An official response issued by FSB acknowledged the issue outlined by the GC. The company stated that such oversights will not occur again as they will take the required action to fix such mishaps. FSB\u2019s statement also noted that they made various improvements to their partners\u2019 operations, which now meets the standards of the UKGC.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK Gambling Commission (UKGC) fined FSB Technology a total of \u00a3600,000 for what the UKGC considered failures of the sportsbook and white label supplier in managing the behaviour of its licensed third-party partners. The UKGC investigation showed that a number of FSB\u2019s white label partners ran afoul of various industry standards on anti-money laundering, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,9],"tags":[],"class_list":["post-4515","post","type-post","status-publish","format-standard","hentry","category-industry","category-uk"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UKGC Hits FSB With \u00a3600k Fine Triggering Greater Scrutiny for White Label Behavior<\/title>\n<meta name=\"description\" content=\"The UK Gambling Commission fined FSB Technology a total of \u00a3600,000 for what the UKGC considered failures\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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