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UKGC fines Fafabet £170,000 over unfair terms and compliance failures

Enforcement & compliance

The UK Gambling Commission fined Taichi Tech, which trades as Fafabet, £170,000 for regulatory breaches, including unfair bonus terms and weaknesses in customer protection and anti-money laundering controls. The UKGC also required a third-party audit of the company’s AML and safer gambling policies; Taichi Tech acknowledged the breaches and said it had taken remedial steps.

The fine and required audit make customer protection, bonus terms and AML controls immediate compliance concerns for Fafabet.

Earlier fines and penalties by UKGC

DateCompanyAmountStoryAppeal status
Not namedNot statedUK Gambling Commission brings election betting charges against 15 peopleNot stated
Wyke Gaming & Amusement CentreNot statedGambling Commission suspends Wyke Gaming licence in BradfordNot stated
TGP EuropeGBP 3,300,000TGP Europe surrenders UK licence after £3.3m penaltyNot stated
Football Pools LimitedGBP 375,000UKGC agrees £375,000 settlement with Football Pools over AML and safer gamblingNot stated
Merkur SlotsGBP 95,450UK Gambling Commission fines Merkur Slots £95,450 over customer interaction failuresNot stated

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