UK: CASINO 36 HIT WITH £300,000 PENALTY FOR AML AND RESPONSIBILITY FAILURES – EXTRA TRAINING REQUIRED

Vega Slots Online reported on 11th July that the UK Gambling Commission had imposed a penalty of £300,000 for money laundering failures and poor customer protection – saying that it had also failed to ensure sufficient customer interaction was taking place when customers were potentially displaying signs of suffering gambling harm.  Personal management licence-holders at Casino 36 must also undertake extra training as part of the agreement.  The Gambling Commission found that the operator had failed to ensure adequate customer enhanced due diligence, source of funds and source of wealth checks were carried out for 33 customers.

https://www.vegasslotsonline.com/news/2019/07/11/casino-36-penalty-money-laundering-failures/

https://www.gamblingcommission.gov.uk/news-action-and-statistics/News/new-licence-conditions-for-casino-with-money-laundering-and-social-responsibility-failures

 

This blog is primarily for my own use, to keep informed and up to date.  However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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