The Gambling Commission has fined operator AG Communications for anti-money laundering (AML) failures.
The operator trades as Aspire Global and runs over 60 websites in the UK, and it’s received a £237,600 fine as well as an official warning with new conditions added to its licence due to the failures.
According to the Commission, Aspire Global failed to demonstrate that it had carried out appropriate due diligence checks on six third-party businesses it had entered into white-label partnerships with.
The conditions added to Aspire Global’s licence require the operator to take out specific action to ensure thorough due diligence checks on the third parties it transacts with have been conducted.
The news comes as the UK Gambling Commission continues its crackdown on gambling operators across the nation. Over the last few months, we’ve seen operators like LEBOM have their operating licence suspended by the Commission for several failings.
All of the above comes as the review of the Gambling Act 2005 looms over the industry with a chance to change how much of it works, including the Commission’s powers.