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UK Gambling Commission faces criticism over proposed financial risk checks

Regulation

The UK Gambling Commission’s proposed Financial Risk Assessments faced criticism at a council meeting focused on the checks, according to the report. The Betting and Gaming Council said its pilot raised concerns about reliability, proportionality and fairness, while a YouGov poll found 65% of British bettors would not provide financial documents to keep gambling.

Operators face uncertainty over how the proposed checks may affect customer verification and account restrictions.

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Regulation

UK MPs question Gambling Commission financial risk checks proposal

UK MPs have raised concerns about the Gambling Commission’s proposed Financial Risk Assessments, while the regulator says it has not decided whether to make the checks permanent after the pilot. Labour MP Sally Jameson cited reported data inconsistencies and the risk of intrusive requests; Conservative MP Louie French also argued that conditions in the regulated sector have changed since the proposal was first made.

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