UKGC Suspends Goldenchip Limited License, Cites Breaches of Gambling Act
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Goldenchip Limited's license has been suspended by the UK Gambling commission. The commission is investigating the company's operations and its suitability to hold a license in the first place.
UKGC is investigating the matter. The regulator mentioned that the investigated breaches have to do with AML shortages and social responsibility failings.
UKGC is trying to clean up potential shortcomings in the gambling sector. Lawmakers imposed new rules that could negatively impact gross gaming revenue. UKGC wants consumers to still have access to the website and withdraw their funds if they choose to.
The operator will focus on treating consumers fairly during the suspension.
UKGC suspends Goldenchip Limited license. UKGC slapped two other companies with settlements to the tune of £675,000 ($840,00) Jumpman and Progress Play have been found guilty of coming short of stated AML and social responsibility targets.
