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Reference
44117
Licensee name
Bestbet Limited
Principal address
Tower Business Centre
Level 1, Suite 5, Tower Street
SWATAR, BIRKIRKARA
BKR 4013
Licensed activities
Surrendered  help

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Where a licence is shown as surrendered, this indicates that a licensee has notified the Commission that the licence is no longer required.

Remote
Casino  help

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This licence entitles you to provide facilities for the playing of casino games and/or participation in other virtual gaming by remote communication (for example roulette, blackjack, poker, reel games). Find out more about licences for remote gambling.


Sanctions
Status:
Financial Penalty
Decision date:
03 April 2019
Licence type:
Remote Casino

Following a review of the licence issued to Bestbet Limited (the Licensee), the Commission found the Licensee:

1.      breached conditions of its licence relating to anti-money laundering measures licence conditions 12.1.1 and 12.1.2

2.      failed to comply with social responsibility code provisions 3.4.1 and 3.4.1(e)

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:

1.      issue a warning under section 117(1)(a) of the Gambling Act 2005 (the Act);

2.      impose additional conditions to the Licensee's operating licence under section 117(1)(b) of the Act; and

3.      impose a financial penalty under section 121 of the Act in the sum of £230,972.

The reason for this decision was because the Licensee failed to:

  • comply with the requirement to conduct an assessment of the risks to its business being used for money laundering and terrorist financing as required by Licence condition 12.1.1(1) - Anti-money laundering - Prevention of money laundering and terrorist financing
  • establish and maintain appropriate risk-sensitive policies, procedures and controls relating to the management of its customers in order to prevent activities related to money laundering as required by Licence condition 12.1.1(2)
  • ensure that such policies, procedures and controls were implemented effectively, kept under review and revised appropriately as required by Licence condition 12.1.1(3)
  • put into effect adequate anti-money laundering controls that complied with the Money Laundering Regulations 2007 and 2017 as required by Licence condition 12.1.2 Anti-money laundering measures for operators based in foreign jurisdictions
  • comply with the requirement to comply with social responsibility code 3.4.1. Compliance with an SRCP is a condition of the licence by virtue of section 82(1) of the Act.

The failings were systemic within the business but since the Licensee's assessment, it has proactively put remedial provisions in place to mitigate the risk to the licensing objectives.


More information can be found in the Commission's public statement.


Other action
No other actions recorded
Domain names
These names are provided by the licensee
No domain names recorded
Trading names
These names are provided by the licensee
Active  help

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A status of active means that the operator is currently using this trading name.

Bestcasino

Search help

If your search does not return results try using just a single word to search (for example instead of ‘Acorn and Horsetree Betting’ just search for ‘Acorn’).

Avoid words that could apply to lots of operators. For example limited, bookmakers, London or casino.

Searching with a licence number

If you have a licence number from an operator and want to locate the public register record you will need to do the following.

A licence number is usually in the following format 000-012345-N-987654-001. You need to search for the numbers in the first block of 6 digits, removing any leading zeros where they exist. So in this example search for the reference 12345

Also see:

How to complain to a gambling business

Key facts about the gambling industry

Regulatory action