Gambling Commission found LeoVegas guilty of several frauds
Additionally, Leo Vegas is going to get an official warning and will go through an audit to be sure that they apply social responsibility and anti-money laundering protocols in the right way.
“We have discovered this by targeted compliance activities, and we are going to keep taking serious measures against those operators who won’t learn from our enforcement work. The situation shows that sometimes operators are not able to safeguard clients and to acknowledge money laundering risks in their own business.”
highlighted L. Oxley from Gambling Commission.
LeoVegas’ accusations of violating social responsibility involved many notable points, such as, choosing 6 o’clock as the moment when clients are forced to have a forty-five-minute break, and not explaining how they came to the conclusion that playing for 6 hours is the moment when damage can be done.
For the time being in Gambling Commission Anti-money laundering violations include: Financial incentives for anti-money laundering inspections are way too high and unreal to successfully control money laundering and other risks; leaning on unsuccessful threshold triggers and insufficient info about how much a client is permitted to spend formed on their profit or fortune or other risk factor.
The last point was that improper control allowed for a short notice to spend notable amounts on gambling and not being aware of anything about the financial situation of customers.