Done Brothers (Cash Betting) Limited
Done Brothers (Cash Betting) Limited agreed to a £3.25 million regulatory settlement on 18 July 2023. The action addresses failures in its safer gambling and anti-money laundering processes between 2021 and 2022.
Summary
Financial Penalty
£3.3m
What This Means for Consumers
Done Brothers (Cash Betting) Limited remains licensed and active. However, this action, combined with a history of other enforcement, shows a pattern of compliance issues that customers should be aware of.
Full Details
The UK Gambling Commission announced a Regulatory Settlement with Done Brothers (Cash Betting) Limited on 18 July 2023. The operator agreed to make a payment of £3.25 million in lieu of a formal financial penalty. This settlement addresses compliance failures that occurred between January 2021 and December 2022.
A regulatory review found the operator didn't meet several key requirements. These included failures in its processes to prevent money laundering and terrorist financing (Licence Condition 12.1.1). The company also didn't interact with customers correctly to minimise the risk of gambling harm, as required by the regulator's guidance (Social Responsibility Code Provision 3.4.1).
The total payment includes a divestment of £1,052,717, which means returning money gained as a result of the compliance failures. This isn't the first time Done Brothers (Cash Betting) Limited has faced regulatory action. This history of enforcement contributes to its low operator trust score.
Key Findings
- A payment of £3.25 million in lieu of a financial penalty.
- The settlement includes a divestment of £1,052,717.
- Failures in Safer Gambling and Anti-Money Laundering controls.
- Breaches of Licence Condition 12.1.1 and Social Responsibility Code Provision 3.4.1.
Timeline
| Action Date | 18 July 2023 |
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