UK Gambling Commission Fines Smarkets For AML and Social Responsibility Failings
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UK Gambling Commission fined online gambling operator Smarkets £630,000 (€743,243) for anti-money laundering and social responsibility failures. Smarks allowed customers to gamble without providing sufficient proof relating to source of funds and failed to identify customers who were potentially susceptible to the harms of gambling.
LeoVegas was fined £1.32 million for social responsibility and anti-money laundering failings.
UK Gambling Commission Fines Smarkets for AML and Social Responsibility Failings. The commission found that poor systems and processes contributed to the breaches.
