UK Gambling Commission Fines Smarkets For AML and Social Responsibility Failings

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Enfield Independent

Online gambling firm In Touch Games has licences to operate in Britain suspended

Online gambling firm In Touch Games has had its licences to operate in Britain suspended by the industry regulator. The Gambling Commission suspended the firm's operating licences as it carries out a review under section 116 of the Gambling Act 2005. It said it suspects the operator failed to follow licence conditions related to money laundering,…

Incidents ・ 02 September 2023

World Casino News

Videoslots To Pay £2 Million for Non-Compliance

The UK Gambling Commission has issued a 2 million pound regulatory settlement for Videoslots Limited for the operator's failure to comply with the social responsibility and anti-money laundering (AML) procedures. The aforementioned amount imposed after the Commission's investigation of the Videoslots' operations will represent a part of the…

Law ・ 08 July 2023

The Wall Street Journal

U.K. Gambling Company Fined $7.6 Million Over Alleged Money-Laundering Control Issues

U.K. online gambling company Intouch Games Ltd. has been fined the equivalent of $7.6 million after a regulator cited a series of failures in its program to prevent money laundering. The U.K.'s Gambling Commission on Wednesday announced the £6.1 million penalty for Intouch, the third action the regulator has taken against the company since…

Gaming Authorities ・ 31 January 2023

Gambling Industry News

UK Gambling Commission Fines GGPoker for Marketing to Self-Excluding Gamblers

The UK Gambling Commission has announced that it has fined online gambling operator NSUS Limited £672829 (€765383) for social responsibility and anti-money laundering (AML) failures. NSUS, which operates within the UK as GGPoker under the ggpoker.co.uk domain, has also received an official warning for the breaches of its licensing…

Gaming Authorities ・ 12 October 2022

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World Casino News

Gambling Commission penalty for Petfre (Gibraltar) Limited

In the United Kingdom and the Gambling Commission regulator has announced that it has hit the operator behind the Betfred.com and OddsKing.com iGaming domains with a fine of £2.87 million ($3.12 million). The watchdog used a Wednesday press release to detail that the penalty against Petfre (Gibraltar) Limited was imposed after an official…

Gaming Authorities ・ 29 September 2022

Gambling Commission

Online gambling business Spreadex Limited to pay £1.36 million

Gambling business Spreadex Limited is to pay £1.36 million after a Gambling Commission investigation revealed social responsibility and anti-money laundering failures. The operator - which runs spreadex.com - will pay the money to socially responsible causes as part of a settlement with the Commission. Leanne Oxley, Gambling Commission Director of…

Industry ・ 01 September 2022

World Casino News

SpreadEx Limited falls foul of the Gambling Commission

In the United Kingdom and the Gambling Commission regulator has announced that iGaming operator SpreadEx Limited is to pay a fine of £1.36 million ($1.61 million) for numerous social responsibility and anti-money laundering failures. The watchdog used an official press release to detail that its investigations determined that the firm behind the…

Gaming Authorities ・ 25 August 2022

The Guardian

Gambling giant Entain could lose UK licence after record £17m fine

Entain, the gambling firm behind Ladbrokes and Coral, could lose its licence to operate in the UK after it was told to pay a record £17m settlement over its inaction as individual customers spent hundreds of thousands of pounds. The Gambling Commission highlighted multiple failings in Entain's online and high street business, all of which occurred…

Gaming Authorities ・ 17 August 2022

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UK Gambling Commission Hits Entain With Record Fine For Serious Failings

Gambling company Entain has been fined £17 million (€20.2 million) by the UK Gambling Commission after an investigation uncovered social responsibility and anti-money laundering failures at its online and land-based businesses. Online customer living in social housing deposited £186k without any source of funds checks The Commission's announcement…

Gaming Authorities ・ 17 August 2022

Mirror

Gambling giant that owns Ladbrokes, Coral and Foxy Bingo hit with huge £17million fine

Entain has been told to pay £17million for social responsibility and anti-money laundering failures after online customers were allowed to deposit large amounts without proper source of funds checks Entain is to pay £17million for social responsibility and anti-money laundering failures Gambling giant Entain is to pay £17 million for social…

Law ・ 29 December 2022

Casino City Times

Smarkets handed six-figure fine by UK Gambling Commission

Gaming News 12 August 2022 (PRESS RELEASE) -- An online gambling operator will pay a financial penalty of £630000 after an investigation by the Gambling Commission revealed a series of anti-money laundering and social responsibility failings. Smarkets (Malta) Limited will pay the six-figure sum for the failings, which saw customers being allowed to…

Gaming Authorities ・ 13 August 2022

Casino Guru

UK Gambling Commission imposes £630k fine against Smarkets

The Gambling Commission, the gambling regulator in the UK, announced it imposed a monetary penalty against Smarkets, the online gambling operator. The Commission said Thursday that it imposed a £630000 ($763374) financial penalty which comes after it discovered anti-money laundering and social responsibility breaches. In a statement released on…

Gaming Authorities ・ 11 August 2022

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Gambling Commission

Smarkets handed six-figure fine by Gambling Commission

An online gambling operator will pay a financial penalty of £630000 after an investigation by the Gambling Commission revealed a series of anti-money laundering and social responsibility failings. Smarkets (Malta) Limited will pay the six-figure sum for the failings, which saw customers being allowed to gamble without adequate source of funds…

Gaming Authorities ・ 15 August 2022

European Gaming

UK Gambling Commission Fines LeoVegas £1.32M for AML, Social Responsibility Breaches

The UK Gambling Commission (UKGC) has announced that it has fined online gaming company LeoVegas £1.32 million ($1.34 million) after investigations discovered social responsibility and anti-money laundering failures. The operator, which runs a series of sites - leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com and 21.co.uk -, will also…

Gaming Authorities ・ 04 August 2022

Casino Guru

888 Holdings hit with record 8-digit fine by the UK Gambling Commission

Online casino operator 888 Holdings will be fined £9.4 million ( $12.48 millio n), the third-highest in British gambling regulation history. The fine is the result of " multiple failures " that caused customers to rack up large losses during the COVID-19 pandemic, according to a report by The Guardian. The UK Gambling Commission (UKGC) highlighted…

Gaming Authorities ・ 02 March 2022

Poker News Daily

UK Gambling Commission Fines 888 £9.4 Million

The United Kingdom Gambling Commission (UKGC) has fined 888 UK Limited £9.4 million for social responsibility and anti-money laundering failings. The company operates 78 online gambling sites, including 888.com and 888poker. "Today's fine is one of our largest to date, and all should be clear that if there is a repeat of the failures at 888 then we…

Gaming Authorities ・ 01 March 2022

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UK Gambling Commission Hits 888 UK With £9.4m Penalty

The UK Gambling Commission has hit 888 UK Limited with a £9.4m ($12.6m) fine, one of the largest financial penalties the regulatory body has ever issued. On Tuesday, the UKGC took to Twitter to share news of 888's fine for social responsibility and money laundering failings: UKGC CEO Andrew Rhodes warned that if 888 breaks UK gaming laws again, the…

Gaming Authorities ・ 01 March 2022

Largs & Millport

Online gambling business 888 fined £9.4m

Online gambling firm 888 has been fined £9.4 million for social responsibility and money laundering failings. The Gambling Commission said 888 UK Limited, which operates 78 websites including 888.com, had also received an official warning and would undergo extensive independent auditing. The fine - one of the largest imposed by the regulator to…

Industry ・ 01 March 2022

Vegas Slots Online

UKGC Hits iGaming Firm Greentube with a £685,000 Fine

Novamatic subsidiary Greentube has to pony up £685000 after the UKGC found it guilty of social responsibility and anti-money laundering failures. [Image: Shutterstock.com] The UK Gambling Commission (UKGC) has ordered Novamatic subsidiary Greentube Alderney Limited to pay a £685000 ($912180) penalty, citing social responsibility and anti-money…

Gaming Authorities ・ 03 December 2021

Vegas Slots Online

UK Gambling Watchdog Fines Lottoland Operator £760k

The UK Gambling Commission (UKGC) has fined EU Lotto £760000 ($1.04m) for anti-money laundering and social responsibility failures. The operator of lottland.co.uk will need to submit to extensive independent auditing following the regulatory decision. It also received a formal warning for these failures, which took place from October 2019 to…

Gaming Authorities ・ 24 September 2021

World Casino News

Gambling Commission hits Daub Alderney Limited with a massive fine

In the United Kingdom and the Gambling Commission regulator has ordered online casino operator Daub Alderney Limited to pay a £5.85 million ($8.06 million) fine for breaches of its social responsibility and anti-money laundering procedures. Daub Alderney Limited was purchased by British land-based gaming behemoth Rank Group in October of 2019 as…

Gaming Authorities ・ 02 September 2021

Gambling Industry News

Gambling Commission Fines William Hill Record £19.2 Million for Serious Failings

The UK Gambling Commission has fined the William Hill Group a record £19.2 million (€21.8 million) for serious social responsibility and anti-money laundering failures at three of its gambling businesses. One new customer allowed to lose £20k in 20 minutes with no checks or customer interactions According to the commission announcement, WHG…

Gaming Authorities ・ 29 March 2023