Star Racing Limited
The UK Gambling Commission fined Star Racing Limited £594,000 for anti-money laundering and social responsibility failures. The regulator's decision on 4 April 2023 found the operator didn't adequately protect customers from harm or prevent its services from being used for financial crime. The penalty also came with a warning and new licence conditions.
Summary
Financial Penalty
£594,000
What This Means for Consumers
Despite this regulatory action, Star Racing Limited still holds an active licence from the Gambling Commission, so it can continue to operate. Customers should be aware of these past compliance failures when using its services.
Full Details
On 4 April 2023, the Gambling Commission announced a regulatory action against Star Racing Limited. The operator received a Financial Penalty of £594,000 for breaching licence conditions. The commission's review found that the company's procedures weren't effective enough to meet its obligations.
The investigation identified failures in two main areas. Star Racing Limited breached rules for preventing money laundering and terrorist financing (LC 12.1.1 and LC 12.1.2). The regulator also found the company didn't meet social responsibility code provisions for customer interaction, which are designed to minimise the risk of gambling-related harm (SRCP 3.4.1). In addition to the fine, the operator was issued a warning and must now follow new conditions on its licence.
Key Findings
- Financial penalty of £594,000 imposed.
- Breaches of anti-money laundering rules (LC 12.1.1 and LC 12.1.2).
- Failures in social responsibility and customer interaction (SRCP 3.4.1).
- A formal warning was issued alongside the fine on 4 April 2023.
Timeline
| Action Date | 4 April 2023 |
|---|