Post-Full Tilt requirement to hold customer deposits seperately revealed
New rules at Alderney Gambling Control Commission
2012-07-27
Reading time 31 seg
(UK).- The Alderney Gambling Control Commission has amended its regulations for the operators it licenses. The new Alderney eGambling (Amendment) Regulations 2012 state that companies must hold customer deposits separately “in a bank account which exists solely for the purpose of holding, and holds only, funds standing to the credit of the licensees customers.”
However the AGCC, which famously came under fire for its handling of the Full Tilt Poker affair where the disgraced company claimed player funds were segregated when they were not, lying to the AGCC in the process, still may, at its discretion, waive the requirement to hold customer funds in a separate account.
The Alderney Gambling Control Commission licenses more than 100 online gaming operators, including BlueSquare, Unibet, Ladbrokes, Paddy Power, William Hill, 24hPoker, Pokerihoune and Sportingbet.
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