The Commission launches its new Corporate Strategy for 2024-27.

Titled ‘Gambling Regulation in a Digital Age’. The strategy underlines the Commission’s commitment to deliver on the decisions set out in the Government's White Paper High Stakes - Gambling reform for the digital age. 

The strategy prioritises key cross-cutting enablers, including a review of our people plan, approach to stakeholder engagement, and ensuring we have the right resources to regulate effectively.

Bet365 is to pay £582,120 for anti-money laundering and social responsibility failures at its online business.  

All £582,120 will be directed towards socially responsible causes as part of a regulatory settlement with the Commission. 

From 1 July 2024, all licensees will be required to submit regulatory returns on a quarterly basis, as outlined in the Commission’s consultation response on Regulatory Returns. 

All licensees will be required to submit their quarterly regulatory returns at the same time, aligning submission dates for licensees and the Commission. The first set of quarterly regulatory returns (relating to the period 1 July 2024 to 30 September 2024) must be submitted by all licensees within 28 days of the end of the first quarterly period, i.e. by 28 October 2024. 

The Commission will also be making improvements to the submission process, including removing some of the questions and updating the guidance.  

Further detail about the transition to quarterly returns, alignment of reporting periods and improvements to the process will be set out in further communications to licensees in the lead-up to the implementation date of 1 July 2024.