Gambling Commission fines LeoVegas for regulation failures

The UK Gambling Commission has sanctioned LeoVegas with a £1.2m fine after finding the operator guilty of social responsibility and anti-money laundering.

The group has also been handed an official warning and ordered to become subject to an audit to secure the operator is correctly managing anti-money laundering protocols and social responsibility.

Leanne Oxley, Gambling Commission Director of Enforcement and Intelligence, stated: “We identified this through focused compliance activity, and we will continue to take action against other operators if they do not learn the lessons our enforcement work provides. This case is a further example of operators failing to protect customers and failing to be alive to money laundering risks within their business.”

Social responsibility failures include setting six hours as the point at which customers need to take a 45-minute cool-off period without explaining how they assumed that playing for six hours was the point at which damage would happen.

Financial triggers for anti-money laundering reviews were also deemed too high and unrealistic to effectively manage money laundering and terrorist financing risks. 

The final point was that inappropriate controls are said to have permitted “significant levels of gambling spending to take place within a short space”.


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