The UK Gambling Commission has published the reasons for the suspension of Triplebet’s online gambling license. Triplebet operated a betting exchange and a remote casino under the trade name Matchbook. Its operating license was immediately suspended on February 17 as part of a package of social responsibility and money laundering sanctions.

The Commission’s investigation reportedly found serious flaws in Triplebet’s approach to combating money laundering, monitoring business relationships and due diligence on gambling syndicate members. Serious flaws were also found in the operator’s approach to social responsibility. In one case, a player could play with a large amount of money for two days without any interaction with the operator. Another player who signed up, played and then exited on his own the same day, was subsequently able to open his account after six months. Then he played for 10 hours a day in a row and lost large sums before excluding himself again, without any monitoring or interaction.

In addition to the suspension of the license, which will remain in effect until Triplebet can prove that it has taken remedial action required by the Commission.

The operator is also required to pay a £ 740,000 fine.

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