UK's Gambling Commission fines online operators
Sharecast
Published Mar 23, 2023 09:42
Updated Mar 23, 2023 10:10
UK's Gambling Commission fines online operators
Sharecast - The regulator said 32Red and Platinum Gaming, owned by Kindred Group, had failed to interact with customers in a way that would minimise the risks harms associated with gambling"
According to the Gambling Commission, financial triggers for anti-money laundering reviews at 32Red were too high and were not appropriate to effectively manage money laundering and terrorist financing risks. Platinum's policies were also found unsuitable.
32Red, which runs 32red.com, will pay a £4.2m fine, while Platinum Gaming, which runs unibet.co.uk, will be forced to hand over £2.9m.
As of 0935 GMT, Kindred shares were down 2.13% at SEK 110.15.
Reporting by Iain Gilbert at Sharecast.com
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