UKGC Fines Lottoland £760K over AML, Responsible Gambling Deficiencies
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EU Lotto has been fined £760,000 by the UK Gambling Commission for a series of social responsibility and money laundering failings. The operator is also set to undergo extensive independent auditing. EU Lottoland is an online gambling brand based in Gibraltar. It offers online bets on the results of international lottery draws.
Company also Penalized for AML Deficiencies. Lottoland CEO Nigel Birrell says they are committed to ensuring the highest standards. He also points out that they have significantly increased their investment in compliance and more than doubled their compliance headcount. The Gambling Commission Executive Director Helen Venn says all licensees should be aware that the Commission will take firm action against those who fail to meet the high standards they expect for consumers in Britain.
