The UK Gambling Commission has imposed nearly £14m in penalties on three companies for failing install money laundering protections and also for failing to identify and help problem gamblers.
Following license reviews, the Commission has ordered Daub Alderney to pay a financial penalty of £7.1m. Casumo has also been ordered to pay a financial penalty of £5.85m and Videoslots will pay £1m in lieu of a financial penalty.
Another company—CZ Holdings—will have to surrender its British gambling license. Nine other operators have been issued with “Advice as to Conduct” letters and a further six are still under investigation, the commission said.
“I hope today’s announcement will make all online casino operators sit up and pay attention, as our investigations found that a large number of operators and their senior management were not meeting their obligations, said Neil McArthur, Commission CEO in a press release. “It is not enough to have policies and procedures in place. Everyone in a gambling business must understand its policies and procedures and take responsibility for properly applying them. We expect operators to know their customers and to ask the right questions to make sure they meet their anti-money laundering and social responsibility obligations.”
