The Netherlands regulator de Kansspelautoriteit (KSA) has called out some online gaming platforms for “insufficient” compliance with the Dutch anti-money laundering (AML) laws.
The warning followed on the heels of an investigation by the KSA and the Financial Intelligence Unit.
The regulator said some licensed operators failed to ascertain the origin of money, which some operators only did upon larger transactions.
The KSA said in a statement: “The KSA therefore expects license-holders to conduct earlier research; this is important from the point of view of preventing gambling addiction and money laundering.”
The regulator also noted insufficient compliance with rules on reporting unusual transactions. It warned operators that it has the power to impose sanctions if enough infractions are found.
