UK Gambling Commission gives Casino Operator Bot of NOK 60 million

UK Gambling Commission (UKGC) has fined the online casino and sportsbook operator Casumo NOK 60 million for responsibility and anti-white washing failure.

Casumo is a Malta-based online casino that offers internet machines, live table games and sports games. The company has a license to run external games of UKGC and Malta Gaming Authority.

The Game Commission says that Invoice Unable to intervene with customers who lost large sums on at least five occasions. UKGC regulations require that iGaming operators examine a customer's account activity when their activity may indicate problematic gambling.

UKGC says a customer lost more than NOK 15 million over a period of three years, without being subject to one responsible game check.. Another lost almost NOK 900,000 in one month, without being ed by Casumo-responsible game agents, and a third person lost about NOK 1 million without being discovered.

The UKGC also quoted seven examples of Casumo not adequately protected its online platform from being used to launder money.

"This case was carried out according to planned compliance activity, and each operator out there should be aware that we will continue to take clear gripes against those who are unable to raise the standards," the UKGC CEO Richard Watson declared.

Casumo received its iGaming license from the UK in November 2014. They received their permission to run sports betting in July 2019.

Casinooverhaling

This is the second time UKGC Provides a big fine to Casumo. In 2018, the Igaming operator was punished with a fine of NOK 80 million for similar regulations for breach of money laundering and not checking players who played with high effort.

Casumo says they have improved the protocols against money laundering and corporate social responsibility since 2018. But 2020, Covid-19 years, resulted in an influx of new customers, and some slipped through the cracks.

Casumo's CEO Shelly Suter-Hadad, who was appointed role in January 2020, maintains that the company is dedicated to protecting customers and preventing money laundering.

Ukgc becomes stricter

The British Digital, Culture, Media and Sport department are in the midst of a far -reaching review of the Gambling Act of 2005. Game critics say that there is a need for stricter supervision, as they claim that the industry harms society.

Meanwhile, UKGC continues to impose large fines to gaming operators found in accordance with current mandates. Last year, the Commission Caesar Entertainment delivered a record sentence of NOK 130 million to allow well -known problem gamblers to lose at their British casinos.