Warning

Cook Timothy Simon Stuart

By Dr. Sarah Chen · Fact-checked by Mark Sullivan, Corporate Investigations Editor

The UK Gambling Commission issued a formal Warning to Cook Timothy Simon Stuart on 13 February 2024. The action relates to his failure to ensure compliance at 32Red Limited and Platinum Gaming Limited while he was a senior manager.

Cook Timothy Simon Stuart enforcement action
UKGC enforcement action - February 2024

Summary

What This Means for Consumers

This action was taken against a senior manager, not the gambling operators themselves. 32Red Limited and Platinum Gaming Limited remain licensed by the UKGC. The warning highlights past compliance failures at the companies he was responsible for.

Full Details

The UKGC issued a Warning to Cook Timothy Simon Stuart on 13 February 2024 after finding he'd breached the conditions of his Personal Management Licence. At the time, he was the Head of Regulatory Compliance, Money Laundering Reporting Officer (MLRO), and General Counsel for both 32Red Limited and Platinum Gaming Limited.

The Commission's review found that Mr. Cook didn't take reasonable steps to make sure the companies followed key rules. These failures included breaches in anti-money laundering procedures (Licence Conditions 12.1.1 and 12.1.2) and social responsibility codes for customer interaction (SRCP 3.4.1). Platinum Gaming Limited also had failings in identifying individual customers (SRCP 3.9.1). A warning is a formal notice that's recorded on a person's licence. The UKGC noted that Mr. Cook was open and transparent during its investigation.

Key Findings

  • Official Warning issued to Cook Timothy Simon Stuart.
  • Action taken on 13 February 2024.
  • Failures related to his role as MLRO and Head of Compliance at 32Red Limited and Platinum Gaming Limited.
  • Breaches included anti-money laundering and social responsibility code provisions.

Timeline

Enforcement action timeline — Source: UKGC Regulatory Actions Register
Action Date 13 February 2024
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Written by

Research & Data Lead

PhD in Public Policy, London School of Economics. Member of the Royal Statistical Society. Published in the Journal of Gambling Studies and Addiction Research & Theory.

Dr. Chen holds a PhD in Public Policy from the LSE and has 8 years of experience in quantitative research, including 3 years as a Research Fellow at the Responsible Gambling Trust analysing operator self-exclusion data.