UK's Gamesys Penalised Over Gamblers Using Stolen Funds

Gamesys will pay a £1.2m penalty after the UK Gambling Commission found it had failed to prevent gambling harm and violated money laundering regulations in allowing three players to gamble with stolen funds.

Gamesys will return £460,00o to the theft victims and pay £690,000 in lieu of fines over anti-money laundering and other violations committed on its website between 2014 and 2016. It will also pay the costs of the commission’s investigation.

The larger sum will be used to accelerate the National Strategy to Reduce Gambling Harms, the commission said.

Three customers displayed problem gambling behaviour that should have been detected and the company should have acted to prevent harm, the commission said.

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