UK Gambling Watchdog Fines Lottoland Operator £760k
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UK Gambling Watchdog Fines EU Lotto £760k for anti-money laundering and social responsibility failures. The operator of lottland.co.uk will also need to submit to extensive independent auditing.
UK Gambling Watchdog Fines Lottoland Operator £760k. Lotto is a platform that allows people to bet on the results of a collection of global lottery draws. The operator did not consider the UKGC’s formal customer interaction guidance. Customers were able to regularly change their deposit limits without this being considered a marker of harm. EU Lotta was also found to be overly reliant on ineffective threshold triggers and lacked information as to how much a person should be allowed to spend.
EU Lotto received a fine for anti-money laundering and social responsibility failings. Rank Group subsidiary Daub Alderney was hit with a £5.85m fine. Lottoland CEO Niger Birrell claims that the company now employs the highest compliance standards across the board.
