Spreadex will pay over one million dollars

Spreadex will pay over one million dollars

Summary:

Gambling business Spreadex is to pay over one million dollars after a Gambling Commission investigation revealed social responsibility and anti-money laundering failures. As part of the settlement with the Commission, the operator will give money to socially responsible causes. The Gambling Commission noted the swift and robust action taken by the Licensee to bring itself back to compliance.

Gambling business Spreadex is to pay over one million dollars after a Gambling Commission investigation revealed social responsibility and anti-money laundering failures.

As part of the settlement with the Commission, the operator of spreadex.com will pay money to socially responsible causes.

The Director of Enforcement and Intelligence for the Gambling Commission is Leanne Oxley.

Despite our extensive published cases highlighting similar failures, we note the swift and robust action the Licensee took to bring itself back to compliance. We expect the same commitment and engagement across the gambling sector.