By Chris Williamson–
The UK Gambling Commission has unveiled a new website hub aimed at assisting operators in understanding their responsibilities when engaging with non-licensed entities, including white-label partners.
The hub, which can be found in the compliance section of the Commission’s website, provides clear details on the Licence Conditions and Codes of Practice (LCCP). The Commission requires operators to adhere to the LCCP when dealing with third parties.
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The launch of the hub comes in response to enforcement actions taken by the Commission against operators for deficiencies in conducting due diligence checks on third parties.
The hub aims to ensure operators are fully aware of their responsibilities when contracting with third parties.
The LCCP states that all operators are responsible for the third parties they contract with. This means that licence-holders must ensure that their third-parties adhere to the same rules the licensed operator is bound by.
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These rules include anti-money laundering and social responsibility measures.
The licensee also has the power to terminate the third party’s contract if the third party breaches the LCCP.
In addition to general guidelines, the hub also offers specific advice for operators involved in white label partnerships. It emphasizes that compliance with gambling regulations, including those pertaining to white labelled sites, ultimately rests with the license holder.
The Commission affirms its commitment to closely monitoring licensees engaged in these business relationships to ensure compliance is maintained.
The new hub serves as a timely reminder for operators to prioritize robust due diligence procedures and maintain a thorough understanding of their obligations when working with third parties.
The UK Gambling Commission stated that it remains steadfast in its commitment to fostering a transparent and responsible gambling industry, and the launch of this website hub represents another step toward achieving these objectives.
It provides operators with a centralized resource to access information, guidelines, and best practices for conducting business relationships with third parties, ultimately promoting a safer and more accountable gambling environment in the UK.
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