Throughout the UK, many companies offer software for online casinos, allowing players to easily access the best real money games. These gambling companies and any operator that provides casino games must adhere to UK gambling laws as well as strict regulations. The UK Gambling Commission is responsible for issuing licences to operators and ensuring that all protocols are followed.
One company, Intouch Games Ltd., has recently been fined by the UKGC for failure found in the program that prevents money laundering. The fine, equivalent to $7.6 million, was the third penalty issued to Intouch since 2019. The UKGC takes many steps to ensure the protection of online gamblers and to ensure illicit money flows are prevented. When companies do not adhere to guidelines or rules, fines can be issued.
As for Intouch, the company was cited for not having policies in place to address the risks of money laundering. The company was also cited for not adhering to its own policy regarding the demand for information on the source of funds. There are currently 11 different websites that are operated by Intouch and the recent fine and citations have increased customer concern about the safety at these sites.
Social Responsibility Failures
The UK Gambling Commission has been raising the bar on social responsibility as a way to prevent fraud, hacking, and to provide players with the protection they need when playing real money games. All licensed casinos in the UK are required to comply with social responsibility codes and any breach can result in fines like those issued to Intouch.
One of the failures detected with Intouch operations was not being in contact with a customer for 7 weeks after that customer has been flagged for an extended period of play or erratic gambling patterns. In addition, the company did not record and evaluate customer interactions. For example, this latest fine included penalties for not verifying customer funds, even after the account had been flagged.
The Intouch penalty follows the recent regulatory action by the UKGC for sites that fail to provide transparent terms and for not adhering to social responsibility rules. As a result, the fine will have to be paid and the company will be audited by a third-party company to ensure it is in compliance.
The UK is taking action to increase security measures at online casinos like these and to ensure that players are able to provide they have available funds to use when gambling. All websites require players to confirm the source of funds when placing real money bets. The failure to do so has resulted in the third fine for Intouch since 2019. In total, the company has been fined $14.4 million.
While the company has made changes to policies and has improved in certain areas, not adhering to social responsibility rules is a huge issue. With the growing gambling problem in the UK, it Is essential for all licensed operators to comply with regulations regarding responsible gambling. Further fines to Intouch may place their gambling licence at risk.
NetBet Casino Welcomes Citizen as Provider
As more and more players access UK online casinos, there is an increased need for safe and secure payment methods. At NetBet, players can benefit from many trusted options for managing their accounts and the casino has just added one more. Citizen, a new supported payment method, is now another way for players to conduct their deposits and withdrawals while engaging in real money play at the casino. If Net.Bet has been operating in Europe for a long time, then in the USA this operator is only coming to the states. So, for example, new online casinos that are legal in the European Union are going to conquer North America. Especially casinos intend to obtain licences in states where casinos are allowed, such as New Jersey, according to the local gambling portal Nj.Bet.
Citizen is an instant cardless method that can be used with a bank account. This recent addition to NetBet allows players to use Citizen’s account-to-account payments that use the latest banking technology. With this new method, players can use biometrics to verify accounts and to complete the KYC process instantly. There are also instant deposits and withdrawals that will settle immediately, making this an appealing option for many.
Those that wish to make use of the new option at NetBet will have to have an account with a major bank in the UK. Luckily, Citizen is connected with all major European banks. Anyone with an account can easily start to use this method at NetBet and enjoy some of the best online games of casion in the industry. Offering fast processing times and limits of £10 to £10,000, players can easily manage accounts at this licensed and reliable online casino.
Citizens are not new to the UK. It has been offering services since 2017 and has won multiple awards. As one of the first companies to provide open banking services, players at NetBet can benefit from faster payments and better security measures.
NetBet Banking Alternatives
NetBet is one of the trusted websites for UK gamblers and with thousands of games, it attracts many players. To make sure that members always have safe and secure ways to manage casino accounts, NetBet has a trusted list of methods that can be used. Unfortunately, this website is not a cryptocurrency casino, so only traditional methods are supported at this time.
After creating an account, the cashier can be accessed, where players will see all available methods. Here, one can select to conduct deposits using Visa or MasterCard prepaid cards, Paysafecard, CashtoCode, ecoPayz, Trustly, Wire Transfer, MuchBetter, Neteller, Skrill, and AstroPay. While this is already an impressive assortment of options, the addition of Citizen provides one more way for players to know that their money is safe.
No matter how one chooses to process deposits or withdrawals at NetBet, payments will be conducted using the latest security measures. The casino uses SSL software to prevent account hacking and fraud and the site adheres to the strictest policies to ensure the safety of all members. Now with Citizen available, there is another way to use a bank account to easily transfer funds to and from the online casino and benefit from some of the great real money games supported.
