Warning

Reynolds Simon Ashley

By James Hartley · Fact-checked by Dr. Sarah Chen, Research & Data Lead

The UK Gambling Commission issued a Warning to Reynolds Simon Ashley, a personal licence holder, on 19 March 2024. The action relates to compliance failures during his time as UK Director of Compliance for Ladbrokes and LC International between 2019 and 2020.

Reynolds Simon Ashley enforcement action
UKGC enforcement action - March 2024

Summary

What This Means for Consumers

This action was against an individual manager, not the gambling companies' licences. The operators he worked for, including Ladbrokes, remain licensed to operate in the UK.

Full Details

On 19 March 2024, the Gambling Commission issued an official Warning to Reynolds Simon Ashley, a Personal Management Licence (PML) holder. The regulator found that between December 2019 and October 2020, he didn't take reasonable steps to ensure the operators he worked for complied with their licence conditions. At the time, he was the UK Director of Compliance for Ladbrokes Betting and Gaming Limited and LC International Limited.

The Commission's review found that his failures placed the operators in breach of key rules. For Ladbrokes Betting and Gaming Limited, this involved failures in the prevention of money laundering and terrorist financing (Licence condition 12.1.1) and customer interaction rules (Social responsibility code provision 3.4.1). For LC International Limited, the breach related to customer interaction rules (Social responsibility code provision 3.4.1). The UKGC noted that Reynolds Simon Ashley was cooperative throughout the investigation.

Key Findings

  • Official Warning issued to a Personal Management Licence holder.
  • Action taken on 19 March 2024 for failures occurring between December 2019 and October 2020.
  • Failures related to anti-money laundering and social responsibility (customer interaction) rules.
  • Breaches concerned Licence Condition 12.1.1 and Social Responsibility Code Provision 3.4.1.

Timeline

Enforcement action timeline — Source: UKGC Regulatory Actions Register
Action Date 19 March 2024
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Written by

Regulatory Affairs Editor

LLB (Hons) in Law, University of Bristol. Postgraduate Diploma in Financial Regulation, University of Reading.

James has spent 12 years in gambling compliance and regulatory technology, previously working as Senior Compliance Analyst at a UK-based regulatory consultancy advising licensed operators on LCCP adherence.