Account Number: 38898
TGP Europe Limited is a surrendered gambling operator in the UK. This operator has voluntarily surrendered their UK gambling licence.
TGP Europe Limited
38898
22A Castle Street,,Douglas, Isle of Man
IM1 2EZ
General Betting Standard - Virtual Event
Casino
Gambling Software
General Betting Standard - Real Event
Following reviews of the operating licence undertaken against TGP Europe Limited (the Licensee), the Gambling Commission (the Commission) found that the Licensee:breached paragraph 1, 2 and 3 of licence condition 12.1.1 – Anti-Money Laundering (Prevention of money laundering and terrorist financing)breached licence condition 12.1.2. – Anti-Money Laundering (Measures for operators based in foreign jurisdictions)failed to comply with social responsibility code of practice (SRCP) 3.4.1 – Customer Interactionfailed to adhere to Ordinary code provision (OCP) 2.1.1- Anti-Money Laundering guidanceIn 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 warning under section 117 (1) (a) of the Gambling Act 2005 (the Act)attach additional conditions to the Licensee’s operating licence under section 117(1)(b) of the Actimpose a financial penalty of £316,250 under section 121 of the Act.The Licensee co-operated with the Commission throughout the investigation and took corrective steps to address the identified failings.
No trading name information available