The UKGC levied fines for social responsibility violations

The UKGC levied fines for social responsibility violations

The Gambling Commission in the UK decided to impose a financial penalty on LeoVegas.

The UK Gambling Commission has the power to impose a financial penalty

Social responsibility and anti-money laundering failures were discovered by the Gambling Commission. The operator that is running leovegas.com, slotboss.co.uk, pinkcasino.co.uk, betuk.com and 21.co.uk was hit with a financial penalty. The financial penalty and official warning will be received by LeoVegas.

The Commission said that the casino will go through auditing. Ensuring that the operator complies with social responsibility and anti-money laundering rules is one of the objectives of the probe. The audit will be completed by a third-party company.

The Watchdog says that there have been some incidents in the last few years

According to the GC, the failures happened between October 2020 and October 2019. There were failures related to anti-money laundering and social responsibility discovered by the gambling watchdog. The Commission found that the operator did not give an explanation for why the spend Trigger was higher than the average customer’s spend.

The Gambling Commission found that customers were asked to take a break after playing for six hours. The customers had to be asked to cool off after six hours of play, but there was no explanation as to why.

The operator did not follow its policies for contacting clients that are showing signs of problem gambling, such as long sessions, denied deposits, late night or early morning sessions, according to the Commission.

According to the GC, there was a violation of the AML regulations

The GC uncovered failures related to the anti-money laundering rules. It said that the operator’s financial triggers for anti-money-laundering reviews were too high and unrealistic to effectively manage money-laundering and terrorist financing risks. Appropriate controls for gambling spending were not put in place by the operator. According to the Commission, this allowed customers to spend a lot of money without knowing where their money came from.

We identified this through focused compliance activity and we will continue to take action against other operators if they don’t learn from our enforcement work. The Director of Enforcement and Intelligence at the Gambling Commission is Leanne Oxley.

The commission has taken action after scrutiny of the operator’s activities related to compliance, according to the Director of Enforcement and Intelligence at GC. She said that the Commission will continue to take actions against licensees that are not complying with the rules. Oxley said: “This case is a further example of operators failing to protect customers and failing to be alive to money laundering risks within their business.”

Summary:

The UK Gambling Commission has imposed a financial penalty on an online gambling operator for failing to comply with social responsibility and anti-money laundering rules. The Gambling Commission found that the average customer’s spend was lower than the spend set by the operator. Customers were asked to take a break for 45 minutes.