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UKGC Orders Online Gambling Sites to Remove Withdrawal Restrictions

UKGC Some sites were also restricting the amount that could be withdrawn at a time, which the CMA concluded was simply an attempt to keep the customer gambling. Other companies were found to be imposing money http://straightberry.blogspot.com/2018/09/the-best-questions-for-core-elements-of.html laundering controls selectively, in order to delay withdrawals from winning accounts. All of these practices have been deemed unreasonable by both the CMA and the UKGC. “The CMA has been working in collaboration with the sector regulator, the Gambling Commission, to improve terms and conditions for players online and to help ensure firms do not break consumer protection law,” the group said in a statement. Gambling firms should not be placing unreasonable restrictions on when and how consumers can take money out of their accounts,” added UKGC Executive Director Paul Hope in a press release. “We now expect all online operators to review the findings published by the CMA today and ensure they update their own practices.” Two firms — Jumpman Gaming and Progress Play — which both operate numerous online casino and bingo sites, were named in the CMA report as operators that had only let customers cash out their balances in incremental stages.

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