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.
May 16, 2019
UK regulator fines on-line casinos for money laundering failures
Related by Topic
New Post
U.K. Supreme Court Limits the Extra-Territorial Reach of Substantive Money Laundering Offences
May 15, 2025
Insight
New Post
Florida resident who pleaded guilty to operating an unlicensed money transmitting business receives 42 months in prison
May 14, 2025
News Alert
New Post
Iceland’s financial authority reaches settlement with Fossar to resolve anti-money laundering deficiencies
May 13, 2025
News Alert