This is the second time in four years that LeoVegas has been fined by the UKGC — in 2018, the company was fined £600,000 (€717,349) for advertising and marketing failings. The company was also penalized just over a year ago by Spelinspektionen (Sweden’s regulator) for allowing deposits by players with links to organized crime.
Gambling Commission Fines LeoVegas Once Again for AML and Social Responsibility FailingsSpeaking of the fine, Leanne Oxley, Gambling Commission Director of Enforcement and Intelligence, said:
“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 is providing.
“This case is a further example of operators failing to protect customers and failing to be alive to money laundering risks within their business.”
According to the UKGC’s announcement the responsible gambling failures included:
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Gambling Commission Fines LeoVegas Once Again for AML and Social Responsibility Failings
Gambling Commission Fines LeoVegas Once Again for AML and Social Responsibility Failings
- Failing to interact with customers exhibiting indicators of harm and problem gambling
- Failing to adhere to the UKGC’s 2019 guidance on customer interaction
Anti-money laundering (AML) failures included:
- Setting unreasonably high AML trigger thresholds Gambling Commission Fines LeoVegas Once Again for AML and Social Responsibility Failings Gambling Commission Fines LeoVegas Once Again for AML and Social Responsibility Failings
Gambling Commission Fines LeoVegas Once Again for AML and Social Responsibility Failings.
