Everymatrix Technology (UK) Limited
The UK Gambling Commission imposed a financial penalty of £29,237 on Everymatrix Technology (UK) Limited in April 2024. The action followed an investigation that found breaches related to anti-money laundering and customer interaction rules. The regulator noted the company's cooperation and that it had already stopped its consumer-facing services.
Summary
Financial Penalty
£29,237
What This Means for Consumers
Everymatrix Technology (UK) Limited no longer offers services directly to UK consumers, having stopped its B2C operations in May 2022. The company still holds an active licence to provide gambling software to other businesses.
Full Details
On 3 April 2024, the Gambling Commission announced a Financial Penalty against Everymatrix Technology (UK) Limited. The operator was ordered to pay £29,237 after an investigation uncovered compliance failures. A financial penalty is a direct fine issued by the regulator for breaches of licence conditions.
The investigation found that the company had failed in several key areas. These included weaknesses in its anti-money laundering processes (Licence condition 12.1.1), a lack of fair and transparent terms (Licence condition 7.1.1), and failures in its customer interaction procedures (SRCP 3.4.1). In its decision, the Commission acknowledged that the operator took immediate remedial action and cooperated with the investigation. It's also noted that Everymatrix Technology (UK) Limited stopped its direct-to-consumer services in May 2022.
Key Findings
- Financial penalty of £29,237.
- Action taken on 3 April 2024.
- Breaches of anti-money laundering (AML), customer interaction, and fair terms rules.
- Operator ceased B2C services in May 2022.
Timeline
| Action Date | 3 April 2024 |
|---|