FSB Technology handed five-figure penalty by UK regulator  


Following an investigation outside of a licence review, the UK Gambling Commission found that FSB Technology (UK) Limited, at a time when the licensee held a combined remote operating licence, breached licence conditions and anti-money laundering regulations.

In line with the Commission’s Licensing, compliance and enforcement policy statement and the statement of principles for determining financial penalties, the Commission has decided to impose a financial penalty of £29,237 under section 121(1) of the Act.

Commission Officials note the immediate remedial action taken by the Licensee and acknowledge that the Licensee has co-operated with the Commission throughout the investigation. Commission Officials also note the Licensee ceased providing B2C services in May 2022.