Videoslots Receives Another Multi Million Fine After AML and Social Responsibility Failures
On June 15, the UK Gambling Commission announced that Videoslots Limited is to pay a £2 million fine. During the investigation, the regulator found some social responsibility and AML failures.
The operator failed to flag problem gamblers and stop their risky behavior. The main issue in the AML department is that Videoslots took too long to act when their own risk-assessment system indicated the need for AML review.
This is the second massive fine the casino received this year. Just a few months earlier the Dutch regulator issued a fine of €9.87 million for letting an undercover KSA official posing as a German player sign up and make a single bet.
Videoslots objected to the KSA fine and their lawyer said they are willing to dispute the fine in the court. But so far it doesn’t seem that the casino intends to fight this recent £2 million penalty.