The remote gambling license of Targetlocal Ltd has been suspended by the UKGC because of some issues with its anti-money laundering practices. The company’s customers will, however, still be able to access their accounts and make withdrawals while the review is under process.
While the suspension has been put in place by the Commission, it mainly impacts Targetlocal’s online gambling operations. These operate through kenhowells.com, which includes Ken Howell’s Sports Betting.
The company’s remote gaming license covers a number of gambling activities in total, including online casino games, sports betting, and betting on virtual events. The license number is 000422-R-336567-002.
The reason behind the Commission’s decision stems from some concerns raised by its inquiry into Targetlocal’s anti-money laundering practices. The agency has decided to review the company’s license in accordance with Section 116 of the Gambling Act of 2005.
The suspension has been enforced effective immediately and will stand until the Ministry of Finance of the UK approves the company’s future operations as legal.
Even though business has been suspended, Targetlocal can still allow customers to access their accounts and withdraw money. The UKGC directed Targetlocal to act fairly towards their customers and update them in case of risks.
If customers are looking to contact Targetlocal, they should go to the official website of the company.
The UKGC has confirmed that the suspension does not affect the Targetlocal general betting license.
