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2 clusters · 7 sources · 4 days · First seen · Last updated
Casino regulatory compliance and fines
Overview
Casino operators were fined a total of $34 million in September due to failures in anti-money laundering (AML) and know-your-customer (KYC) protocols. Reported non-compliance included allowing individuals to gamble for extended periods without verifying sources of funds and permitting high-risk gambling despite internal red flags.
Industry experts indicated that regulators are increasingly moving beyond checking for the existence of compliance programs to requiring evidence that such programs are effectively implemented to manage real-world risks.
Entities
Personal Data Protection Agency · PwC · DraftKings · Global Gaming Expo · Admiral
Timeline
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[BUSINESS] 2 sourcesCasinos fined $34 million for AML and KYC failures
Casino operators faced $34 million in fines during September for anti-money laundering and know-your-customer compliance failures, according to industry experts at the Global Gaming Expo.
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[BUSINESS] 5 sourcesCasino fined 2.59 million euros for GDPR biometric data violations
A gambling company, reportedly Admiral, has been fined 2.59 million euros by Croatia's AZOP for GDPR violations involving the improper collection of biometric fingerprint data from nearly 35,000 players.
Sources
alienwp.com · bug.hr · dnevno.hr · gambling911.com · jutarnji.hr · lidermedia.hr · ohridsky.com