Warning

Goode Michael Edward

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

On 2 September 2024, the Gambling Commission issued a formal warning to Goode Michael Edward, a Personal Management Licence holder. The action relates to compliance failures while he was Chief Financial Officer at Eaton Gate Gaming Limited.

Goode Michael Edward enforcement action
UKGC enforcement action - September 2024

Summary

What This Means for Consumers

This action is against an individual holding a management licence, not an operator. It shows the UKGC holds senior staff accountable for a company's failings, but it doesn't directly affect the licence of the associated gambling company.

Full Details

The UK Gambling Commission issued a formal warning to Goode Michael Edward on 2 September 2024 following a review of his Personal Management Licence (PML). The Commission found that while acting as Chief Financial Officer for Eaton Gate Gaming Limited, he didn't take all reasonable steps to ensure the company's compliance. This action represents a breach of the general conditions attached to his personal licence under the Gambling Act 2005.

The specific failures occurred between 2020 and 2021. They related to anti-money laundering rules, including the prevention of money laundering and terrorist financing (Licence Condition 12.1.1). The review also found shortcomings in the company's procedures for customer interaction (Social Responsibility Code of Practice 3.4.1). The UKGC's report notes that Goode Michael Edward was open and transparent throughout its engagement with him.

Key Findings

  • Official warning issued to Personal Management Licence holder Goode Michael Edward.
  • Action taken on 2 September 2024 for breaches occurring between 2020 and 2021.
  • Failures concerned Anti-Money Laundering (AML) and Social Responsibility rules at Eaton Gate Gaming Limited.
  • No financial penalty was issued as part of this regulatory action.

Timeline

Enforcement action timeline — Source: UKGC Regulatory Actions Register
Action Date 2 September 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.