web analytics
⭐Best Online Casinos In United States⭐
Bitcoin Casino
Visit Bitcoin Casino
Roaring21 Casino
Visit Roaring21 Casino
CasinoMax Casino
Visit CasinoMax Casino
Cherry Jackpot Casino
Visit Cherry Jackpot Casino
Home » UKGC Slaps £300,000 Fine On Casino 36
UKGC Slaps £300,000 Fine On Casino 36
UKGC Slaps £300,000 Fine On Casino 36

UKGC Slaps £300,000 Fine On Casino 36

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.”

About the author

Harry Matthew

Harry Matthew

Harry serves as a resident reporter for Casino Buzz. He has been responsible for building the content base and forms the core reporting strategies for the website. Along with reporting, Harry is an amazing baseball player with good record at university level. He can be reached at [email protected]

Add Comment

Click here to post a comment