Following an investigation by the UK’s Gambling Commission, online gambling business Greentube Alderney, trading as Admiral Casino, has been obligated to pay £1m.
The commission uncovered a string of social responsibility and anti-money laundering failures, including not fully implementing its own processes aimed at ensuring documents customers supplied were genuine, not always scrutinising available information upon receipt, or in a timely manner, and not always fully investigating and escalating accounts showing apparent links to other accounts in a timely manner.
As part of the settlement, the money will be paid to socially responsible causes.
John Pierce, commission director of enforcement, said: "This case arose from a follow-up compliance assessment designed to ensure the operator had continued to apply lessons learned from previous regulatory action.
"While we noted that the business had made significant general improvements, further regulatory breaches were still identified. The operator was subsequently required to swiftly put in place an effective action plan designed to remedy all of the identified failings.
"We want to remind all operators that any business found to breach rules designed to keep gambling safe and free from crime for a second time should expect increasingly stringent enforcement action. Any failure to uphold anti-money laundering standards is unacceptable, and today’s action reflects the gravity of the breaches identified.
"We will continue to monitor this operator to ensure they consistently meet the required regulatory standards."
