Regulator Fines Betting Operators £4.5M Over AML Failings

Law360, London (May 15, 2019, 4:40 PM BST) -- Britain's Gambling Commission said Wednesday it has slapped four online casino operators with fines totalling £4.5 million ($5.8 million) for failing to protect themselves against money laundering, as the agency continues its investigation into the sector.

The businesses have been punished for failing to put in place effective safeguards to prevent money laundering and protect customers, the government agency said.

“We have been working hard to raise standards in the online industry to ensure that gambling is crime-free, Richard Watson, the commission’s executive director, said. “We expect operators to know their customers and to ask the right questions to make sure they meet...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS