By The Weekly Edge desk ·
SBC News reported that UKGC increased its money-laundering and terrorist-financing classification for gambling software to medium. The report linked the change to the regulator’s work addressing illegal gambling.
The revised assessment raises the sector classification applied to gambling software.
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The suspensions halt betting at both operators while requiring them to preserve customer withdrawals and communicate changes affecting customers.
The Commission’s policy, research, statistics and National Lottery regulation functions will be led by a senior DCMS gambling and lotteries leader.
The appointment transfers policy, research and lottery oversight responsibilities to Fox.
Fox’s secondment covers policy and research responsibilities as Miller prepares to leave.
UKGC licence suspensions affect Bet St George and BresBet, with Bet St George suspended five months after launch.
UKGC advises Bet St George customers who believe the operator owes them funds to contact BTG following the administrator appointment.