The UK Gambling Commission has an excellent reputation in the online gambling industry. It must be said that it is extremely strict in enforcing strict compliance with British law in this sector. It has just proven this once again by imposing regulatory sanctions on five different online casino operators.
The latter violated anti-money laundering and player protection rules. While four of them agreed to pay, the fifth received a warning and a fine.
The various sanctions imposed
On Tuesday, March 30, the UK Gambling Commission unveiled this famous case by announcing that it had just imposed regulatory sanctions on five different online casino operators. This was done following an investigation that fits perfectly with the British regulator’s ongoing efforts to improve standards across the online gaming industry. In making this announcement, the body also took the opportunity to reiterate that each operator must comply with the regulations put in place to make the market as safe as possible and prevent it from becoming a source of crime.
Of the five online casino operators targeted by the UK Gambling Commission’s recent regulatory sanctions, four have accepted the penalty . Shaftesbury Casino Limited and Clockfair Limited will have to pay £260,000, Les Croupiers Casino Limited £202,500, and Double Diamond Gaming Limited £247,000. A&S Leisure Group Limited, meanwhile, received a warning. In addition, the regulator fined it £377,340.
>>> Read also: » Casumo sentenced by the UK Gambling Commission «
Shortcomings in the fight against compulsive gambling and money laundering
According to the UK Gambling Commission, each of the five online casino operators recently targeted by regulatory sanctions has breached provision 3.4.1 of the Code of Social Responsibility. This requires them to pay particular attention to player behavior. The goal is to identify all problematic behaviors in order to effectively combat addiction.
That’s not all; the regulator also noted violations committed under clause 12.1 of the license conditions. This requires online casino operators to pay particular attention to large deposits. The goal is to identify all attempts to combat money laundering in order to combat crime.
To explain the regulatory sanctions imposed on the so-called « Top 5 » online casino operators, the UK Gambling Commission presented several cases. These cases include both cases in which problematic behaviors were not identified due to suspicions of compulsive gambling, and others involving breaches of anti-money laundering measures.
This series of convictions comes just days after the UK regulator fined Malta-based operator Casumo no less than £6 million for similar offences.
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