May 20, 2019

The Commission says that four gambling businesses are to pay a total of £4.5 million in penalty packages as part of its ongoing investigation into the online casino sector.

The penalty packages relate to the businesses’ failings to put in place effective safeguards to prevent money laundering and keep consumers safe from gambling harm.

Over the last 18 months the Commission has conducted assessments of, or engaged with, 123 online operators, and of the 45 told to submit an action plan to raise standards, 38 have already showed signs of improvement. A further 34 were compliant with standards expected by the Commission or had minor issues which have been, or are in the process of being, remedied.

Since the investigation began five operators have surrendered their licences and can no longer transact with consumers in Britain. In November 2018, three companies paid nearly £14m in penalty packages as a result of their failings to put in place effective safeguards to prevent money laundering and keep consumers safe from gambling-related harm. To read the Commission’s announcement in full, click here.