{"id":7,"date":"2024-06-10T02:55:55","date_gmt":"2024-06-09T23:55:55","guid":{"rendered":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/"},"modified":"2024-06-11T10:26:07","modified_gmt":"2024-06-11T07:26:07","slug":"10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures","status":"publish","type":"post","link":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/","title":{"rendered":"10Bet Hit With \u00a3620,000 Penalty for Social Responsibility and Anti-Money Laundering Failures"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/ABj7peI_R2M\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A British wagering firm, 10Bet, has received a substantial penalty of \u00a3620,000 (approximately $748,000). This sanction, levied by the UK Gambling Commission, follows an inquiry that exposed the company, operating under Blue Star Planet Limited, had faltered in its social responsibility and financial crime prevention measures.<\/p>\n<p>Rather than subjecting the company to a protracted legal battle, the Commission chose a settlement. The considerable amount will be allocated to philanthropic endeavors.<\/p>\n<p>The inquiry, initiated in September 2021, unearthed some worrisome matters. It became evident that Blue Star Planet had gaps in their protocols intended to thwart money laundering and safeguard at-risk patrons. These shortcomings surfaced during a compliance evaluation in June 2021.<\/p>\n<p>In essence, Blue Star Planet had been transgressing the regulations \u2013 breaching several licensing stipulations and codes of conduct between November 2019 and June 2021.<\/p>\n<p>The investigation determined that the company hadn&#8217;t adequately executed anti-money laundering (AML) strategies and procedures. They were also falling short in promoting responsible gaming, lacking sufficient oversight and processes.<\/p>\n<p>The Gambling Commission&#8217;s findings emphasized a particularly troubling violation: Blue Star Planet had neglected to correctly implement anti-money laundering protocols from November 2019 to June 2021. <\/p>\n<p>The company, Blue Planet Limited, narrowly avoided a substantial penalty. However, authorities mandated a charitable contribution of \u00a3620,000 as a condition of the resolution. Furthermore, the firm was compelled to relinquish an extra \u00a33,571.25 to settle the expenses incurred during the inquiry. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A British wagering firm, 10Bet, has received a substantial penalty of \u00a3620,000 (approximately $748,000). This sanction, levied by the UK Gambling Commission, follows an inquiry that exposed the company, operating under Blue Star Planet Limited, had faltered in its social responsibility and financial crime prevention measures. Rather than subjecting the company to a protracted legal [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10Bet Hit With \u00a3620,000 Penalty: UK Gambling Commission Takes Action<\/title>\n<meta name=\"description\" content=\"UK betting firm 10Bet, operated by Blue Star Planet Limited, faces a hefty fine for social responsibility and anti-money laundering failures. Learn more about the Gambling Commission\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10Bet Hit With \u00a3620,000 Penalty for Social Responsibility and Anti-Money Laundering Failures\" \/>\n<meta property=\"og:description\" content=\"UK betting firm 10Bet, operated by Blue Star Planet Limited, faces a hefty fine for social responsibility and anti-money laundering failures. Learn more about the Gambling Commission\" \/>\n<meta property=\"og:url\" content=\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/\" \/>\n<meta property=\"og:site_name\" content=\"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-09T23:55:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:26:07+00:00\" \/>\n<meta name=\"author\" content=\"Benjamin &quot;Blaze&quot; Lewis\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin &quot;Blaze&quot; Lewis\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/\",\"name\":\"10Bet Hit With \u00a3620,000 Penalty: UK Gambling Commission Takes Action\",\"isPartOf\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#website\"},\"datePublished\":\"2024-06-09T23:55:55+00:00\",\"dateModified\":\"2024-06-11T07:26:07+00:00\",\"author\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/d4b4f5f39e8097927af8201caaaadf6d\"},\"description\":\"UK betting firm 10Bet, operated by Blue Star Planet Limited, faces a hefty fine for social responsibility and anti-money laundering failures. Learn more about the Gambling Commission\",\"breadcrumb\":{\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"10Bet Hit With \u00a3620,000 Penalty for Social Responsibility and Anti-Money Laundering Failures\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#website\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/\",\"name\":\"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure\",\"description\":\"Dive into the thrilling world of online gambling with our fresh casino news, detailed game reviews, and informative articles. Our licensed casino is your ultimate gaming destination.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/d4b4f5f39e8097927af8201caaaadf6d\",\"name\":\"Benjamin \\\"Blaze\\\" Lewis\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/16\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/16\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"Benjamin \\\"Blaze\\\" Lewis\"},\"description\":\"Holding a Ph.D. in Mathematics and a Master's in Computer Science, this accomplished writer has a deep understanding of the role of algorithms and computational methods in modern casino gaming. They have extensive experience in combinatorial optimization, graph theory, and cryptography, which they apply to the study of online gambling platforms and game design. Their articles and news pieces provide readers with a behind-the-scenes look at the technological innovations shaping the future of the casino industry.\",\"url\":\"https:\/\/lionslotsnodepositbonuscodes.icu\/author\/fhdsjgfd1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"10Bet Hit With \u00a3620,000 Penalty: UK Gambling Commission Takes Action","description":"UK betting firm 10Bet, operated by Blue Star Planet Limited, faces a hefty fine for social responsibility and anti-money laundering failures. Learn more about the Gambling Commission","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/","og_locale":"en_GB","og_type":"article","og_title":"10Bet Hit With \u00a3620,000 Penalty for Social Responsibility and Anti-Money Laundering Failures","og_description":"UK betting firm 10Bet, operated by Blue Star Planet Limited, faces a hefty fine for social responsibility and anti-money laundering failures. Learn more about the Gambling Commission","og_url":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/","og_site_name":"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure","article_published_time":"2024-06-09T23:55:55+00:00","article_modified_time":"2024-06-11T07:26:07+00:00","author":"Benjamin \"Blaze\" Lewis","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Benjamin \"Blaze\" Lewis","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/","url":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/","name":"10Bet Hit With \u00a3620,000 Penalty: UK Gambling Commission Takes Action","isPartOf":{"@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#website"},"datePublished":"2024-06-09T23:55:55+00:00","dateModified":"2024-06-11T07:26:07+00:00","author":{"@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/d4b4f5f39e8097927af8201caaaadf6d"},"description":"UK betting firm 10Bet, operated by Blue Star Planet Limited, faces a hefty fine for social responsibility and anti-money laundering failures. Learn more about the Gambling Commission","breadcrumb":{"@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/2024\/06\/10\/10bet-hit-with-620000-penalty-for-social-responsibility-and-anti-money-laundering-failures\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/lionslotsnodepositbonuscodes.icu\/"},{"@type":"ListItem","position":2,"name":"10Bet Hit With \u00a3620,000 Penalty for Social Responsibility and Anti-Money Laundering Failures"}]},{"@type":"WebSite","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#website","url":"https:\/\/lionslotsnodepositbonuscodes.icu\/","name":"Experience Top-Notch Online Casino Gaming | Licensed &amp; Secure","description":"Dive into the thrilling world of online gambling with our fresh casino news, detailed game reviews, and informative articles. Our licensed casino is your ultimate gaming destination.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/lionslotsnodepositbonuscodes.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/d4b4f5f39e8097927af8201caaaadf6d","name":"Benjamin \"Blaze\" Lewis","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/lionslotsnodepositbonuscodes.icu\/#\/schema\/person\/image\/","url":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/16\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-content\/uploads\/sites\/16\/2024\/06\/man-avatar-96x96.png","caption":"Benjamin \"Blaze\" Lewis"},"description":"Holding a Ph.D. in Mathematics and a Master's in Computer Science, this accomplished writer has a deep understanding of the role of algorithms and computational methods in modern casino gaming. They have extensive experience in combinatorial optimization, graph theory, and cryptography, which they apply to the study of online gambling platforms and game design. Their articles and news pieces provide readers with a behind-the-scenes look at the technological innovations shaping the future of the casino industry.","url":"https:\/\/lionslotsnodepositbonuscodes.icu\/author\/fhdsjgfd1\/"}]}},"_links":{"self":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/7"}],"collection":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/comments?post=7"}],"version-history":[{"count":1,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/7\/revisions"}],"predecessor-version":[{"id":19,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/posts\/7\/revisions\/19"}],"wp:attachment":[{"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/media?parent=7"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/categories?post=7"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lionslotsnodepositbonuscodes.icu\/wp-json\/wp\/v2\/tags?post=7"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}