UK regulator fines on-line casinos for money laundering failures

Four on-line gambling businesses will pay £4.5 million for failing to put in place effective procedures to prevent money laundering and safeguard consumers from gambling harm. The UK Gambling Commission found that the four businesses had not implemented appropriate procedures to prevent money laundering, or to meet the requirements of the Social Responsibility Code applicable to the on-line gambling sector.

UK Gambling Commission news