Tag Archives: Anti-Money Laundering

Danish regulator warns 888 over AML concerns

SBC News Danish regulator warns 888 over AML concerns

The Danish Gambling Authority, Spillemyndigheden, has issued a request to 888 Denmark Limited to amend its operator procedures in order to comply with the Danish Anti-Money Laundering Act. In its investigation, the regulator found that the operator was not adhering to protocols set out under section 25(1) and section 26(1) of the legislation.   The section states that the operator …

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‘Systematic failings’ cost Ladbrokes Coral £5.9m

Diversified Entain rides out 2020 retail storms

The Gambling Commission has found ‘systemic failings’ at the Ladbrokes Coral Group leading to the imposition of a penalty package consisting of £5.9m payment and a series of improvement measures that must be implemented by new owner GVC. The regulator has also revealed that more sanctions may be coming down the line as further investigations into the actions of Personal Management …

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Five licence reviews mooted as Gambling Commission clamps down

Kompli - Copyright: garagestock / 123RF Stock Photo

The Gambling Commission is considering reviewing the licence of five online casino operators over money laundering and social responsibility controls and has written to a further 12 online casino operators to raise concerns about the sector’s approach to anti-money laundering and social responsibility. In the letter the Commission set out how it expects operators to review all of their processes aimed at …

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Paddy Power pulled up for anti-money laundering failures

SBC News Paddy Power pulled up for anti-money laundering failures

Paddy Power has been pulled up for ‘serious failings’ in its anti-money laundering and social responsibility processes following a Gambling Commission investigation. The bookmaker has also agreed to contribute £280,000 to socially responsible causes after failing to keeping crime out of gambling and protect vulnerable people. The failings relate to the way Paddy Power handled relationships with two customers at …

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RGA publishes – Online Gambling: ‘Anti-Money Laundering Guidelines’

SBC News RGA publishes - Online Gambling: 'Anti-Money Laundering Guidelines'

The Remote Gambling Association (RGA), has today published the Second Edition of its publication, ‘Anti-money laundering: Good practice guidelines for the online gambling industry’. The RGA guidelines are designed to help licensed online gambling companies combat the threat of money laundering and terrorist financing in a consistent and effective manner. The document  covers key areas such as the application of a …

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