UK: Five Casinos Could Lose Their Licenses Following Money Laundering Investigation

No Comment 50 Views

The UK Gambling Commission (UKGC) is considering the licenses of five operators after a thematic review revealed serious failures in tackling money laundering.

As part of its ongoing mission to run the tightest iGaming ship in the world, the UKGC has written to every license holder to reiterate its policies regarding anti-money laundering and social responsibility.

Dated January 4, the letter points to licensing condition 12.1 which focuses on the processing of illegal funds.

Additionally, Gambling Commission Chief Executive Sarah Harrison has stressed the need for operators to carry out proper due diligence on customers.

“It is vital that the gambling industry takes its duty to protect consumers and keep crime out of gambling seriously,” Harrison said in a press statement.

Read the original article here: onlinecasino.co.uk


Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions
Learn About RDC