The United Kingdom Gambling Commission has slapped a fine of £300,000 on Casino 36 and also sanctioned conditions for keeping their license. The penalty came after the gambling commission found that the casino failed to implement anti-money laundering measures and was not doing enough towards its social responsibility.
After receiving complaints, the UK gambling regulator commissioned an investigative inquiry which revealed that source of funds and source of wealth checks were not carried out on 33 patrons.
Apart from the fine imposed, the UKGC has said that the personal management license holders must undertake extra training.
Richard Watson, UKGC executive director, said: “As a result of Casino 36’s failings stolen money could have flowed unchecked through their casino and vulnerable customers were placed at risk of harm. This is simply not acceptable.
“Operators have to understand their customer base. This can only be achieved if they know their customers and ask the right questions to meet both their anti-money laundering and social responsibility obligations.”
In its response, the company said: “Casino 36 acknowledge certain policies in force at the relevant time were ineffective. It had already evolved those policies, and that process remains ongoing.
“Casino 36 recognizes there have been considerable learnings from these cases and has invested in improving its AML and responsible gambling processes. Casino 36 states it is also committed to working with the industry to raise standards, particularly in relation to safer gambling.”