UK: PARK LANE CASINO HAS LICENCE REVOKED AMID MONEY LAUNDERING ALLEGATIONS

On 4 November, Yahoo Finance reported that a high-rolling Park Lane casino popular with multi-millionaires, the Park Lane Club, has had its licence revoked by the Gambling Commission amid allegations over money laundering.  The Commission said that it was taking action against the Park Lane Club because it was “not satisfied as to the source of funds” used to acquire and support the licensee.  The Club is believed to be owned by businessman Vasilijis Melniks.  It has previously been fined ¬£1.8 million over alleged failure to carry out adequate due diligence checks on some of its biggest gamblers under money laundering rules, and accused of failing to take action to prevent potential problem gambling or spotting the indicators.

https://uk.finance.yahoo.com/news/park-lane-casino-licence-revoked-181544086.html

I had omitted the following link (as it did not seem to generate much interest!), but it seemed time to add it again and say that, if you would like to make a (polite) gesture and help me with my removal and computer costs, I have a page 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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