Financial risk checks were part of the proposals within the UK government’s gambling white paper, published in April last year, to “help identify and take action for customers who may be financially vulnerable.”
Miller said: “We have been working closely with the Department for Culture, Media and Sport to ensure that the next steps closely reflect the intention of the white paper. That is, that the process of conducting these checks will be frictionless for the vast majority of customers who undergo them.”
Back in September, the UKGC posted a blog to address the misunderstandings regarding financial risk checks, proposing that light touch checks occur “at £125 net loss (accrued bonus funds and re-staked winnings would not be included) within a rolling 30-day period or £500 within a rolling 365-day period”.
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