Lindar Media Limited
The UK Gambling Commission announced a regulatory settlement with Lindar Media Limited on 20 September 2023. The operator will pay a total of £690,947 for failures in its anti-money laundering and social responsibility processes.
Summary
Financial Penalty
£690,947
What This Means for Consumers
Lindar Media Limited's licence is still active, so it can continue to operate. The failings in player protection and anti-money laundering are serious, but the regulator noted the company has taken remedial action.
Full Details
The Gambling Commission took action against Lindar Media Limited following a regulatory review that started after a compliance assessment in September 2022. The review found failings between July 2021 and September 2022. Instead of a formal financial penalty, the operator agreed to a Regulatory Settlement, which includes a payment of £690,947. This payment covers a divestment of funds, a payment in lieu of a penalty, and commission costs.
A regulatory settlement means an operator accepts the findings and agrees to a payment package to close the case. The investigation found Lindar Media Limited breached several key rules. These included failures in its processes to prevent money laundering (Licence Condition 12.1.1), weaknesses in identifying and interacting with customers at risk of gambling harm (SRCP 3.4.1), and failures to notify the Commission about key staff changes (Licence Condition 15.2.1). The regulator did note that the company had already started to fix the issues before the settlement was finalised.
Key Findings
- Total payment of £690,947 as part of a regulatory settlement.
- Action finalised on 20 September 2023 for failings between 2021 and 2022.
- Breaches included failures in anti-money laundering (AML) and social responsibility.
- The operator also failed to make its required annual contribution to combat problem gambling (SRCP 3.1.1).
Timeline
| Action Date | 20 September 2023 |
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