UK Gambling Commission deals out £14 million in online casino fines

By: Staff Writer
- December 3, 2018
- LikeUnlikeLike
- 652 Views
FINES totalling £14 million have been handed out to three online casinos in the United Kingdom for failure to detect fraudulent customers.
Daub Alderney (£7.1m), Casumo (£5.85m) and Videoslots (£1m) were all hit hard by the United Kingdom Gambling Commission, which also forced CZ Holdings into surrendering its UK license following a comprehensive review.
Chief Executive Officer of the Gambling Commission, Neil McArthur said the fines sent a message to the entire industry to clean up its game.
“I hope today’s announcement will make all online casino operators sit up and pay attention, as our investigations found that a large number of operators and their senior management were not meeting their obligations,” McArthur said.
“We expect operators to know their customers and to ask the right questions to make sure they meet their anti-money laundering and social responsibility obligations.”
Videoslots was found to have failed to uphold its responsibility with customer checks and monitoring its client’s activities. After the review, Videoslots accepted it had to work on flaws in its system.
“We confirm that Videoslots has entered a regulatory settlement with the Gambling Commission to conclude a review of our operating licence. Their investigations were part of a thematic review by the regulator into AML and responsible gambling compliance in the remote gambling industry,” a company statement read.
“We are pleased that the Gambling Commission recognises that we were open and transparent from the outset of their investigation and fully cooperative throughout.”
Latest UK betting news & tips
[rm_recent_news tags=”UK” title=”” ajax=”true”]
You may also like
Best Bookmakers & Sportsbooks
Top Online Casinos
Latest Betting News
- Buffalo Bills vs Kansas City Chiefs Top Betting Predictions | NFL
- Tampa Bay Buccaneers vs Green Bay Packers Top Betting Predictions
- UFC 257 Prelim Card preview, picks and best bets for January 23
- UFC 257 Main Card preview, picks and best bets for January 23
- Conor McGregor vs. Dustin Poirier best bets & picks | UFC 257 23/1
- Chiesa vs. Magny Main Card Betting Preview & Top Predictions |UFC
- Cleveland Browns vs Kansas City Chiefs Top Betting Tips | NFL
- Tampa Bay Buccaneers @ New Orleans Saints Top Betting Tips | NFL
- Los Angeles Rams @ Green Bay Packers Top Betting Predictions |NFL
- Betting Predictions For Prelim Fight Night At Fight Island | UFC
Casino Guides
- Safest online casino jurisdictions
- How to guides
- How to win at pokies
- How to play online pokies
- PaysafeCard online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- 32Red Casino Review
- All Slots Casino Review
- Boombet Casino review
- Horse racing games at casinos
- Credit card deposits at online casinos
- Films about blackjack
- Live dealer casinos
- How to play live dealer blackjack party
- Online Blackjack
- Online Casinos
- Online casino deposits
- MasterCard Online Casinos
- Online Casinos Accepting POLi
- PaysafeCard online casino deposits
- Online slots
- Playing Pai Gow Poker on the Internet
- Online keno
- Online poker
- Online poker tournament structures
- Real money online roulette 2020
- Online multi-wheel roulette – what is it?
- How to play online scratch cards in 2020
- Sit & Go online poker tournaments
- Skrill e-wallet deposits at online casinos
- Visa online casino deposits
Sports Betting Guides
Casino Games
Deposits & Withdrawals
Football
Basketball
Top Country Betting sites
- Angola
- Antigua and Barbuda
- Armenia
- Australia
- Azerbaijan
- Bahamas
- Barbados
- Belize
- Brazil
- Canada
- Dominican Republic
- Germany
- Ghana
- Grenada
- India
- Indonesia
- Italy
- Kenya
- Malaysia
- Malta
- Ireland
- Netherlands
- New Zealand
- Nigeria
- Norway
- Philippines
- Singapore
- South Africa
- Turkey
- Uganda
- Ukraine
- United Kingdom
- Vietnam
- Zambia
- Zimbabwe