FSB Technology faces a financial penalty of £29,237 from the UK Gambling Commission for violating multiple license conditions, which include issues with money laundering prevention, fair and transparent practices, and customer interaction. In spite of the regulatory uncertainty in the UK during the ongoing white paper consultations, this action demonstrates the authority's continued vigilance.
Considering that the penalties can sometimes total hundreds of thousands of pounds, this fine is actually quite small by the regulator's standards.
Considering that the penalties can sometimes total hundreds of thousands of pounds, this fine is actually quite small by the regulator's standards.
