Boylesports fined £2.8m over money-laundering risk assessment
13/11/2020
British regulator adds conditions to licence after Irish bookmaker breached rules
Irish bookmaker Boylesports must pay a £2.8 million sterling (€3.14m) fine and abide by tougher conditions added to its licence, following an investigation by British regulators.
Boylesports offers online betting to UK customers through a company called Boylesports Enterprise, which is licensed by that jurisdiction’s regulator, the Gambling Commission.
Following an investigation that found the company failed to have appropriate money laundering risk assessment, the commission fined Boylesports Enterprise £2.8 million and added conditions to its licence.
The British regulator said that during the investigation, Boylesports Enterprise was found to have breached commission rules aimed at preventing money laundering on its Boylesports.com and Boylecasino. com websites.
The licence conditions include maintaining the appointment of a properly qualified money laundering reporting officer, who holds a personal management licence.
The company must ensure that the individual appointed gets yearly refresher training and can show evidence of this to the commission.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.