NL Times
Online gambling site BetCity fined €3 mil. for poor money laundering safeguards
The
Dutch Gambling Authority
fined Betend, the company behind the gambling site BetCity, 3 million euros because it does not do enough to prevent money laundering. According to the Gambling Authority, the company did not make sufficient improvements after a previous warning.
By Dutch law, gambling sites must investigate their customers to determine…