Online gambling firm Intouch Games has been fined £3.4million in the United Kingdom after breaching anti money laundering (AML) rul
The firm, which runs a number of gambling websites popular globally, failed in areas of AML, social responsibility and marketing in a fair and transparent way, according to watchdog the Gambling Commission.
The AML failings including not taking into account the risk of “allowing customers to use a payment provider which also acts as an exchange for crypto-currencies”.
It also neglected to conduct appropriate levels of enhanced due diligence and did not critically review source of funds when requested, the Gambling Commission said.
The social responsibility failings included stating a bonus may be offered in return for customers providing information and not interacting with seven customers where it had concerns about problem gambling. It was also criticised for not stating in text message marketing the minimum and maximum deposits or the time limits for a particular gambling offer.
In addition to the £3.4 million fine, InTouch will also have to carry out an audit ensuring compliance with licensing conditions and codes of practice.
InTouch games runs the websites bonusboss.co.uk, cashmo.co.uk, casino.mfortune.co.uk, casino2020.co.uk, drslot.co.uk, mfortune.co.uk, mrspin.co.uk, pocketwin.co.uk and slotfactory.com
Richard Watson, Commission Executive Director, said: “Through our challenging compliance and enforcement activity we will continue our work to raise standards in the industry and continue to hold failing operators to account.”
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