Feed / Enforcement & compliance
By The Weekly Edge desk ·
BresBet and Bet St George have told customers they will stop trading, EGR reported on 7 September. The report follows the UKGC's suspension of their licences in August.
BresBet and Bet St George will stop trading following the UKGC’s suspension of their licences.
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UKGC licence suspensions affect Bet St George and BresBet, with Bet St George suspended five months after launch.
The suspensions halt betting at both operators while requiring them to preserve customer withdrawals and communicate changes affecting customers.
Both bookmakers have stopped operating and are surrendering UK licences following suspensions over suspected social responsibility and anti-money laundering failings.
BresBet and Bet St George face licence suspensions over suspected anti-money laundering and social responsibility failures.
The UKGC suspended BresBet and Bet St George’s operating licences and identified operator failings as contributing to money laundering risks.
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