Gambling Commission hits Daub Alderney Limited with a massive fine
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Daub Alderney Limited was ordered to pay a $8.06 million fine by the Gambling Commission for breaches of its social responsibility and anti-money laundering procedures. Daub was purchased by British gaming behemoth Rank Group in October of 2019 as part of an arrangement worth approximately £115 million ($158 million)
Gambling Commission hits Daub Alderney Limited with a massive fine. The operator has also been issued with an official warning regarding historical infractions.
Regulator claims Daud Alderney Limited has failed to put into effect policies and procedures for the timely identification of problem gambling via interaction with customers. One player lost $59,814 in four months while using four payment cards and reversing requested withdrawals worth $184,455.
Daub Alderney Limited violated the Gambling Commission's anti-money laundering safeguards. One player managed to stow £50,000 in deposits without having to supply adequate source of funds evidence. Another player stowed £41,500 in a month and lost £53,00 over 8 months.
Gambling Commission fined Daub Alderney Limited a lot. Helen Venn, Executive Director for the Commission, said that the investigation was part of a planned compliance activity. She warned all United Kingdom-licensed iGaming operators that her organization intends to take firm action against those who fail to raise standards.
