Following an investigation the UK gambling commission has asked Platinum gaming which operates Unibet.co.uk and uk.bingo.com, to be more socially responsible. The company has been lax in implementing anti-money laundering measures, following which the company has agreed to pay £1.6m in Settlement with the gambling commission.
Richard Watson, Gambling Commission Executive Director, said: “There were weaknesses in Platinum Gaming’s systems and as a consequence, more than half a million pounds of stolen money flowed through the business. This is not acceptable and I would urge all operators to carefully read this case and learn lessons so they don’t make the same mistakes.
“This is yet another example of us taking firm action against online operators who fail to protect consumers or implement effective safeguards against money laundering. We must see the industry stepping up and providing consumers in Great Britain with the safest and fairest gambling market in the world. Where we continue to see failings, we will continue to take action.”
The UK gambling commission launched an investigation after it received complaints regarding a gambler who had been convicted of a £2m fraud. The player was wagering and spending money through gambling operators.
The regulator found that the gambler had also spent money with Platinum Gaming. Agreeing to settle with the payment, PGL admitted its negligence and failure to act in accordance with the Licence Conditions and Codes of Practice (LCCP), the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the 2017 Regulations) and our guidance on money laundering and terrorist financing.