UK Gambling Commission Fines LeoVegas £1.32M for AML, Social Responsibility Breaches
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UK Gambling Commission fined LeoVegas $1.34 million for social responsibility and anti-money laundering failures. Leo Vega runs a series of sites, including Leovegas.com, slotboss.co.uk, pinkcasino.ca, betuk.org.UKGC will also conduct an audit to ensure Leo Vegas is effectively implementing its anti money laundering and socialresponsibility policies.
UK Gambling Commission Fines LeoVegas £1.32M for AML, Social Responsibility Breaches. The Commission's 2019 guidance on customer interaction was not properly implemented. The triggers for anti-money laundering reviews were too high and unrealistic. There were inappropriate controls allowing significant levels of gambling spend to take place within a short space of time.
setting spend triggers for Safer Gambling Team customer review significantly higher than the average customer’s spend without explanation. Not taking into account the Commission”s 2019 guidance on customer interaction.
Financial triggers for anti-money laundering reviews are ineffective and unrealistic. Customers should be allowed to spend according to their income or wealth.
