🎰 Star Racing Limited

Action Details:

Following a review of the operating licence undertaken against Star Racing Limited (“the Licensee”), the Commission found that the Licensee breached:  Paragraphs 2 and 3 of licence condition (LC) 12.1.1: Anti-money laundering - Prevention of money laundering and terrorist financing  Licence Condition 12.1.2 requiring operators based in foreign jurisdictions to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information of the Payer) Regulations 2017, andParagraphs 1 and 2 of Social Responsibility code provision (SRCP) 3.4.1, requiring licensees to interact with customers in a way which minimises the risk of customers experiencing harms associated with gambling, and to take into account the Commission’s guidance on customer interaction.In line with the Commission’s Licensing, compliance and enforcement policy statement, the Indicative sanctions guidance and the Statement of principles for determining financial penalties, the Commission has decided to:  Impose a financial penalty of £594,000 under section 121(1) of the Act 2005Give the Licensee a warning under section 117(1)(a) of the Act.Attach additional conditions to the Licensee’s operating licence under section 117(1)(b) of the Act requiring the Licensee to conduct risk based due diligence on the third parties it transacts with.