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Account Number: 38898
TGP Europe Limited operates 18 online gambling sites in the UK. Their gambling sites include yobet.co.uk, qiubet.co.uk, 19bet.co.uk and 15 more.
TGP Europe Limited
38898
22A Castle Street, Douglas
IM1 2EZ
Isle of Man
TGP Europe Limited was found to have serious issues with their anti-money laundering practices and customer interaction responsibilities. As a result, they received a fine of £316,250, a warning from the Gambling Commission, and additional conditions added to their operating licence. This action won't affect your ability to play, but it's a reminder to stay aware of how operators manage your accounts.
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 guidance 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 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.