{"id":1318,"date":"2020-05-06T13:44:10","date_gmt":"2020-05-06T13:44:10","guid":{"rendered":"https:\/\/www.newbettingsites.co\/?p=1318"},"modified":"2020-05-06T13:44:10","modified_gmt":"2020-05-06T13:44:10","slug":"fsb-technology-fine-a-600k-slapped-wrist","status":"publish","type":"post","link":"https:\/\/www.newbettingsites.co\/fsb-technology-fine-a-600k-slapped-wrist\/","title":{"rendered":"FSB Technology Fine: A \u00a3600k Slapped Wrist"},"content":{"rendered":"

The UKGC have slammed down the gavel once again, this time on FSB Tech who have been found responsible of multiple failings when it comes to social responsibility, anti money laundering measures, and advertising.<\/p>\n

The blame actually lies with some of the brands operating under FSB’s license as opposed to FSB themselves, but the UKGC have used this case as a clear instruction to other white label providers:<\/p>\n

\u201cAll operators should pay close attention to this case as it shows that we hold all licensees fully responsible for third party relationships \u2013 and we will act against any of our licensees that do not manage third parties appropriately\u201d<\/p><\/blockquote>\n

These were the words of the commission’s executive director, Richard Watson, who has certainly not been shy in issuing penalties recently.<\/p>\n

The Case Against<\/h2>\n

\"FineWhen an operator agrees to work with a third party provider they take responsibility for that provider’s actions; this is a condition of being allowed to offer white labels. It is therefore down to them to check their clients are doing everything by the book.<\/p>\n

Any sort of turning a blind eye or sluggishness in this regard is seen as a breach of licensing conditions, and this is why FSB are having to foot the bill as opposed to the brands themselves; they are effectively ‘vouching’ for the brand.<\/p>\n

There are also further conditions being added onto the platform provider’s licence to ensure that risk-based due diligence is conducted going forward.<\/p>\n

FSB have form in this are too which will do nothing for their defence. Last year both Blackbet and 1xBet were found not to be meeting the necessary standards, both of whom are no longer operating in the UK, and there have been others that have fallen by the wayside too, such as 21bet, bookee, BetSid, and Mintbet.<\/p>\n

The Failings<\/h3>\n

\"UKGC<\/p>\n

The main issues cited by the UKGC can be broken down into three categories:<\/a><\/p>\n