- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-01-26T19:01:00
A U.K. online gaming company was fined 6.1 million pounds (U.S. $7.6 million) by the country’s Gambling Commission for a series of anti-money laundering (AML) failures.
In Touch Games, which operates 11 gambling websites, was not adequately assessing the AML risks posed by gambling customers who live in high-risk jurisdictions, are politically exposed persons, or are linked to PEPs, among other risk factors, the commission said Wednesday in a press release.
In Touch also did not conduct adequate due diligence on the source of income of customers who lost £10,000 (U.S. $12,400) over a 12-month period, according to the agency.
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2024-07-30T18:09:00Z By Helen Siegieda, International Compliance Association
Recent events have put a spotlight on the role of the U.K. Gambling Commission, following its investigation into privileged information allegedly being used to bet on the date of the U.K. general election.
2023-03-29T18:13:00Z By Jeff Dale
The U.K. Gambling Commission announced three units of British bookmaking service William Hill Group will pay a record fine of £19.2 million (U.S. $23.7 million) for failures regarding social responsibility and anti-money laundering.
2025-05-22T15:46:00Z By Adrianne Appel
The Securities and Exchange Commission has charged cryptocurrency company Unicoin, three top executives, and its general counsel with defrauding investors of $110 million by selling them bogus “rights certificates” in a future cryptocurrency coin.
2025-05-22T14:37:00Z By Aaron Nicodemus
The Federal Trade Commission has ordered web hosting company GoDaddy to implement a “robust” information security program following at least three data breaches that the agency said were aided by lax cybersecurity measures.
2025-05-20T12:30:00Z By Oscar Gonzalez
The U.S. Federal Trade Commission (FTC) took action against a pair of student loan debt relief companies for allegedly deceiving borrowers. The move came despite the Trump administration’s broader efforts to roll back enforcement actions against businesses since taking office.
2025-05-16T19:24:00Z By Oscar Gonzalez
After dismissing its lawsuit against the crypto exchange Coinbase in March, a second investigation into the exchange by the Securities and Exchange Commission has surfaced, according to a report from the New York Times. This comes as a bit of a surprise after the Trump administration has been scaling down ...
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