{"id":234,"date":"2024-06-15T19:09:52","date_gmt":"2024-06-15T16:09:52","guid":{"rendered":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/"},"modified":"2024-06-17T12:49:45","modified_gmt":"2024-06-17T09:49:45","slug":"british-gaming-firm-fined-millions-for-money-laundering-failures","status":"publish","type":"post","link":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/","title":{"rendered":"British Gaming Firm Fined Millions for Money Laundering Failures"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/b8pf0_UDBC4\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>A British gaming firm was slapped with a substantial penalty of \u00a32.87 million (approximately $3 million) due to numerous infractions. The UK&#8217;s gambling regulator, the Gambling Commission, discovered that the business had significant flaws in its approach to potential money laundering and its overall duty of care to its players.<\/p>\n<p>Essentially, the company wasn&#8217;t taking adequate measures to monitor significant deposits, particularly from newly registered users, a major warning sign when it comes to combating money laundering. They were also failing to intervene when individuals abruptly increased their gambling activity, indicating a lack of seriousness in addressing problem gambling.<\/p>\n<p>Furthermore, they neglected to properly evaluate the dangers of terrorist financing, disregarded the Commission&#8217;s guidance on protocols and processes, and failed to implement safeguards outlined in the Money Laundering Regulations. It&#8217;s a rather incriminating inventory of offenses.<\/p>\n<p>Along with the financial penalty, the Gambling Commission issued a formal caution, emphasizing that such conduct will not be accepted. The Commission&#8217;s enforcement head stressed their commitment to taking strict action against these types of shortcomings and urged other operators to view this as a warning to improve their practices. Notably, this penalty follows closely on the heels of a comparable sanction imposed on LeoVegas, another gaming enterprise. <\/p>\n<p>Oxley indicated that the \u00a332 million penalty underscores the gravity of the firm&#8217;s conduct. He cautioned other providers that comparable regulatory inquiries are ongoing and complacency is untenable. He emphasized that this instance illuminates a troubling trend of companies neglecting to safeguard their users and adequately addressing the danger of financial crimes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A British gaming firm was slapped with a substantial penalty of \u00a32.87 million (approximately $3 million) due to numerous infractions. The UK&#8217;s gambling regulator, the Gambling Commission, discovered that the business had significant flaws in its approach to potential money laundering and its overall duty of care to its players. Essentially, the company wasn&#8217;t taking [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gaming Firm Fined \u00a32.87 Million for Money Laundering Failures<\/title>\n<meta name=\"description\" content=\"A UK gaming company faces a hefty penalty after the Gambling Commission uncovered serious shortcomings in their anti-money laundering practices and player protection measures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"British Gaming Firm Fined Millions for Money Laundering Failures\" \/>\n<meta property=\"og:description\" content=\"A UK gaming company faces a hefty penalty after the Gambling Commission uncovered serious shortcomings in their anti-money laundering practices and player protection measures.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/\" \/>\n<meta property=\"og:site_name\" content=\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-15T16:09:52+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-17T09:49:45+00:00\" \/>\n<meta name=\"author\" content=\"William &quot;Whisper&quot; Anderson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"William &quot;Whisper&quot; Anderson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/\",\"name\":\"Gaming Firm Fined \u00a32.87 Million for Money Laundering Failures\",\"isPartOf\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\"},\"datePublished\":\"2024-06-15T16:09:52+00:00\",\"dateModified\":\"2024-06-17T09:49:45+00:00\",\"author\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/e7e6b16c6b025f45fe4d699f5b8d2169\"},\"description\":\"A UK gaming company faces a hefty penalty after the Gambling Commission uncovered serious shortcomings in their anti-money laundering practices and player protection measures.\",\"breadcrumb\":{\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/vegas2webnodepositbonus.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"British Gaming Firm Fined Millions for Money Laundering Failures\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#website\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/\",\"name\":\"Your Go-To Licensed Online Casino for Exciting Games &amp; News\",\"description\":\"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. Stay ahead of the curve and maximize your gambling experience.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/vegas2webnodepositbonus.icu\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/e7e6b16c6b025f45fe4d699f5b8d2169\",\"name\":\"William \\\"Whisper\\\" Anderson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/wp-content\/uploads\/sites\/12\/2024\/06\/man-avatar-96x96.png\",\"contentUrl\":\"https:\/\/vegas2webnodepositbonus.icu\/wp-content\/uploads\/sites\/12\/2024\/06\/man-avatar-96x96.png\",\"caption\":\"William \\\"Whisper\\\" Anderson\"},\"description\":\"This accomplished writer holds a Bachelor's degree in Applied Mathematics and a Master's in Financial Engineering. Their expertise in stochastic calculus, time series analysis, and risk management allows them to provide in-depth analysis of casino games and betting strategies. They have a passion for educating readers on the mathematical foundations of gambling and helping them make informed decisions. Their work has been published in numerous industry journals and online platforms.\",\"url\":\"https:\/\/vegas2webnodepositbonus.icu\/author\/william\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Gaming Firm Fined \u00a32.87 Million for Money Laundering Failures","description":"A UK gaming company faces a hefty penalty after the Gambling Commission uncovered serious shortcomings in their anti-money laundering practices and player protection measures.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/","og_locale":"en_GB","og_type":"article","og_title":"British Gaming Firm Fined Millions for Money Laundering Failures","og_description":"A UK gaming company faces a hefty penalty after the Gambling Commission uncovered serious shortcomings in their anti-money laundering practices and player protection measures.","og_url":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/","og_site_name":"Your Go-To Licensed Online Casino for Exciting Games &amp; News","article_published_time":"2024-06-15T16:09:52+00:00","article_modified_time":"2024-06-17T09:49:45+00:00","author":"William \"Whisper\" Anderson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"William \"Whisper\" Anderson","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/","url":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/","name":"Gaming Firm Fined \u00a32.87 Million for Money Laundering Failures","isPartOf":{"@id":"https:\/\/vegas2webnodepositbonus.icu\/#website"},"datePublished":"2024-06-15T16:09:52+00:00","dateModified":"2024-06-17T09:49:45+00:00","author":{"@id":"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/e7e6b16c6b025f45fe4d699f5b8d2169"},"description":"A UK gaming company faces a hefty penalty after the Gambling Commission uncovered serious shortcomings in their anti-money laundering practices and player protection measures.","breadcrumb":{"@id":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/vegas2webnodepositbonus.icu\/2024\/06\/15\/british-gaming-firm-fined-millions-for-money-laundering-failures\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Homepage","item":"https:\/\/vegas2webnodepositbonus.icu\/"},{"@type":"ListItem","position":2,"name":"British Gaming Firm Fined Millions for Money Laundering Failures"}]},{"@type":"WebSite","@id":"https:\/\/vegas2webnodepositbonus.icu\/#website","url":"https:\/\/vegas2webnodepositbonus.icu\/","name":"Your Go-To Licensed Online Casino for Exciting Games &amp; News","description":"Our licensed online casino is your go-to source for the latest industry news, game reviews, and expert insights. Stay ahead of the curve and maximize your gambling experience.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/vegas2webnodepositbonus.icu\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/e7e6b16c6b025f45fe4d699f5b8d2169","name":"William \"Whisper\" Anderson","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/vegas2webnodepositbonus.icu\/#\/schema\/person\/image\/","url":"https:\/\/vegas2webnodepositbonus.icu\/wp-content\/uploads\/sites\/12\/2024\/06\/man-avatar-96x96.png","contentUrl":"https:\/\/vegas2webnodepositbonus.icu\/wp-content\/uploads\/sites\/12\/2024\/06\/man-avatar-96x96.png","caption":"William \"Whisper\" Anderson"},"description":"This accomplished writer holds a Bachelor's degree in Applied Mathematics and a Master's in Financial Engineering. Their expertise in stochastic calculus, time series analysis, and risk management allows them to provide in-depth analysis of casino games and betting strategies. They have a passion for educating readers on the mathematical foundations of gambling and helping them make informed decisions. Their work has been published in numerous industry journals and online platforms.","url":"https:\/\/vegas2webnodepositbonus.icu\/author\/william\/"}]}},"_links":{"self":[{"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/234"}],"collection":[{"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/comments?post=234"}],"version-history":[{"count":1,"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/234\/revisions"}],"predecessor-version":[{"id":320,"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/posts\/234\/revisions\/320"}],"wp:attachment":[{"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/media?parent=234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/categories?post=234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vegas2webnodepositbonus.icu\/wp-json\/wp\/v2\/tags?post=234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}