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GC sanctioned 888 with £9.4m fine for AML policy failures
The Gambling Commission sanctioned 888 with a fine costing $12.6mln for AML policy and safer gambling infractions.
The GC issued a statement which read that besides the fine, 888 has gained an official warning and will be subjected to an auditing.
The operator accepted the warning and initiated prompt actions to update its policies after the investigation carried out by the GC in 2020.
888 implemented extra checks of players’ source of money and limits on loss. Besides, it made an investment in safer wagering and compliance teams, as well as amplified its AML risk assessment.
The statement of 888 read:
“Safer gambling stays our number one priority. We were closely connected with the Gambling Commission during the investigation process. 888 expresses regret for misconducting the necessary measures in safer gambling”.
The operator launched the Control Center which is an interface for clients which permits them to monitor their betting activity via real-time data.
The chief executive of 888, Itai Pazner, noted:
“888 accepts the results of the investigation carried out by the Gambling Commission. We have undertaken necessary actions to eliminate shortcomings. From 2019, we invested hugely in safer wagering, as well as doubled the size of our compliance team.
Our team will stay in touch with the Commission to make necessary improvements in our industry”.