UKGC Fines Four Online Casino Operators £4.5mln for “AML Weaknesses”

online casinos fined for anti money laundering

Posted at: 16 May 2019

In an update, published on its website on May 15, the United Kingdom Gambling Commission (UKGC) announced that it has imposed a fine totalling £4.5 million on four casino operators. The penalty charges, result of an ongoing investigation, were levied to InTouch Games Ltd., BestBet Ltd., MT Secure Trade, and Betit Operations because of their failure to take adequate AML (anti-money laundering) measures and protect the vulnerable audiences against potentially harmful effects gambling may have. A percentage of the fines’ amount will go to gambling harm-related charitable organisations.

InTouch Games Ltd. that operates mFortune, PocketWin, and Mr Spin casino brands has been slammed with a £2.2 million penalty. Betit Operations, which runs Kaboo and Highroller will have to pay £1.4 million. The third largest fine was for MT Secure Trade. The company, operating Guts and Rizk was imposed a £700,000 fine. BestBet, which operates Bestcasino, will have to pay £231 million.

This is not the first time the UKGC levies fines on operators that fail to comply with the AML regulations. Back in November 2018, the UK gambling watchdog imposed a £5.85million penalty on Casumo, and agreed a £1m regulatory settlement with Videoslots.

Richard Watson, the UK Gambling Commission Executive Director, said that the Commission would continue enforcing high anti-money laundering standards to ensure players’ safety and keep the online gambling sector crime-free.

Newest & Upcoming Slots

Newest & trendy slots out there. Play a demo for free or find the best online casino to play for real.

Related News