UK Regulator Penalises Four Operators £4.5m Over AML Violations

The UK Gambling Commission has today fined four operators a total of £4.5m for failures in anti-money laundering (AML) policy and keeping customers safe.

Intouch Games will pay a penalty of £2.2m, Betit Operations will pay £1.4m, MT SecureTrade will pay £700,000 and BestBet Ltd will pay £231,000.

Intouch complacently considered itself to be at low risk of money laundering compared to other online casinos and did not sufficiently guard itself against the possibility of criminal spending, the commission said.

The West Midlands, England-based operator had inappropriate procedures for reviewing money laundering and recording suspicious activity reports, and it admitted that its money laundering reporting officer was unsuitable for the role, the regulator said.

To continue reading please log in or request a demo to speak to a member of the team.

Request a Trial