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Football

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Tennis

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Darts

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Cricket

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Golf

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Horse Racing

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F1

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Boxing

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MMA

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Any

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{"is_any_tile":true}

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{"is_any_tile":true}

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{"is_any_tile":false,"sources":[{"source":"payment_method","table_games":false,"bonus_types":false,"game_providers":false,"slots":false,"live_games":false,"is_live_dealer":false,"payment_methods":false,"sport_types":false,"live_streaming":false,"cash_out":false},{"source":"payment_method","table_games":false,"bonus_types":false,"game_providers":false,"slots":false,"live_games":false,"is_live_dealer":false,"payment_methods":false,"sport_types":false,"live_streaming":false,"cash_out":false}]}

Debit card

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Paypal

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Neteller

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Skrill

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Apple Pay

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PaysafeCard

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Trustly

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{"is_any_tile":false,"sources":[{"source":"bmc_bonus_type","table_games":false,"bonus_types":[1354],"game_providers":false,"slots":false,"live_games":false,"is_live_dealer":false,"payment_methods":false,"sport_types":false,"live_streaming":false,"cash_out":false}]}

Deposit match

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Enhanced odds

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{"is_any_tile":true}

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newsuk gambling commission hands financial penalty to fsb technology for various breaches

UK Gambling Commission Hands Financial Penalty To FSB Technology For Various Breaches

We independently review betting sites. Sign-ups through our links may earn us a commission at no extra cost to you, this never influences our listings’ order.

The UK Gambling Commission has fined FSB Technology £29,237 for breaching several licence conditions including money laundering prevention failures.

UK Gambling Commission Hands Financial Penalty To FSB

This financial penalty from the UKGC comes after FSB Technology failed to adhered to license conditions, including the previously mentioned failings around money laundering prevention, interaction with customers and fair practices.

Handing out such a penalty highlights the commission’s current analytical view on the UK market, despite the current white paper consultations.

FSB Technology is a gaming and betting solutions supplier that offer services across the world, but work closely with Fitzdares, BetGoodwin and QuinnBet – sites that all hold a UK licence.

FSB received this penalty after an investigation by the UKGC, which came at a time where FSB had a ‘combined remote operating licence.’

This investigation revealed that FSB had failed to adhere to the necessary money laundering and terrorist financing prevention aspects.

Alongside this, FSB did not work in cooperation with ‘fair and transparent’ practices and did not follow the Social Responsibility Code Provision – which links to customer interaction.

The UKGC revealed that if an organisation fails to work within the SRCP realms, then it breaches licence conditions from the Gambling Act 2005.

FSB worked in full cooperation with the commission’s investigation and it was also confirmed that the gaming and betting solutions supplier stopped offering business-to-consumer services in 2022.

The majority of criticism came through the business-to-consumer sector, meaning FSB can still maintain its focus on the business-to-business offerings.

After receiving the fine, FSB Technology release a statement that fully accepted the decision made by the commission and understood the settlement in relation to when the company had a business-to-consumer licence.

Moving forward, FSB has confirmed its desire to achieve the highest levels within the industry and diverted focus back to a positive assessment made by the commission in December last year.

Louis Fargher
Louis Fargher
Louis Fargher

Louis Fargher is a sports betting writer, specializing in Football news and statistics. Publishing online articles for the Burton Albion website and producing match-day content for Chesterfield Academy. The main responsibility being to write match reports while updating the social media for the Burton Albion Ladies side. Louis has also gained experience through attending press-boxes in Premier League and EFL stadiums for his University site.