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| Online gambling firms fined and barred in crackdown | Online gambling firms fined and barred in crackdown |
| (35 minutes later) | |
| Three online casino companies have been fined and one has been prevented from operating in the UK following a crackdown by the industry regulator. | Three online casino companies have been fined and one has been prevented from operating in the UK following a crackdown by the industry regulator. |
| The Gambling Commission has fined three firms almost £14m for not having "effective safeguards" to prevent money laundering and harm to customers from gambling. | The Gambling Commission has fined three firms almost £14m for not having "effective safeguards" to prevent money laundering and harm to customers from gambling. |
| Daub Alderney is to pay £7.1m, Casumo £5.85m and Videoslots £1m. | Daub Alderney is to pay £7.1m, Casumo £5.85m and Videoslots £1m. |
| A fourth firm, CZ Holdings, surrendered its licence to operate in the UK. | |
| "I hope today's announcement will make all online casino operators sit up and pay attention, as our investigations found that a large number of operators and their senior management were not meeting their obligations," said Neil McArthur, the chief executive of the Gambling Commission. | "I hope today's announcement will make all online casino operators sit up and pay attention, as our investigations found that a large number of operators and their senior management were not meeting their obligations," said Neil McArthur, the chief executive of the Gambling Commission. |
| "We expect operators to know their customers and to ask the right questions to make sure they meet their anti-money laundering and social responsibility obligations." | "We expect operators to know their customers and to ask the right questions to make sure they meet their anti-money laundering and social responsibility obligations." |
| Crime proceeds | |
| The Commission found that Videoslots had been making initial inquiries into the source of customer funds, but failed to continue to make checks. | |
| In one case a Videoslots customer failed automated identity checks and instead provided a fraudulent driving licence, which was not detected. | |
| The customer registered multiple fraudulent credit cards, which were also not detected. Those cards were used to deposit and gamble with "large amounts". | |
| The customer had deposited £17,405 by the time the company's systems flagged the account. The Commission said those deposits were "suspected to be the proceeds of crime". | |
| Videoslots accepted that it had weaknesses in its systems and had taken action to address the issues, the Commission said. |