UKGC Hits Mr Green with £3m Penalty over Regulatory Failures
Posted at: 28 February 2020
In an update, published on February 27 on its website, the UK Gambling Commission announced that it has imposed a £3 million penalty on the William Hill-owned casino Mr Green. The Commission cited anti-money laundering and responsible gambling shortcomings as a reason for the fine.
The UKGC has carried out an investigation that revealed that Mr Green failed to take adequate measures towards checking the source of funds its customers use for depositing. Richard Watson, the UKGC Executive Director commented on the matter and said that the authorities “uncovered systemic failings in respect of both Mr Green’s social responsibility and anti-money laundering controls which affected a significant number of customers across its online casinos”.
As a result, Mr Green has to make a £3 million payment to the National Strategy to Reduce Gambling Harms. It also has to cover the UKGC costs amounting to £10, 349.77.
Mr. Watson went on to explain that the UK casino players need to know that the Commission is taking all measures to keep the online gambling sector crime-free. He reassured them that no compromises will be made on operators that fail to comply with the UK regulations.
This is not the first hefty fine the UKGC imposes on reputable online casinos and it will most probably not be the last. Apart from the strict monitoring of its licensees, the Commission is also introducing some big industry changes.
In an attempt to combat underage gambling, the UK authorities required casinos to carry out age verification checks before allowing players to try a game even in demo mode. The Bonus Buy feature was removed from slots.
The next serious change in coming April 2020 when players will no longer be able to make online casino deposits via credit cards.