KSA publicly warns Betent and Play North for AML failures
The warnings were initially issued to the two companies last year, however, as part of the Netherlands’ AML and CTF regulations, the Kansspelautoriteit had not published about the two operators’ failures. The regulatory authority stated that the failures involved inadequate player behavior and source of funds checks, however, many other details, including the two companies’ penalties, were not disclosed.
This warning is the first of its kind for the Kansspelautoriteit under the country’s AML regulations, the WWFT, which was publicized because the two operators’ failures were recently considered irrevocable. Additionally, the penalties issued to the companies were not disclosed to the public yet because of the WWFT’s secrecy requirements.
Lastly, the regulatory authority also mentioned a few reasons why publicizing the two operators’ failures was necessary, with the first reason being to inform the public about the enforcement actions of the Kansspelautoriteit, along with their driving causes. The KSA added that this publication can also serve as an example for other licensed gambling firms in the country to maintain appropriate compliance with the WWFT.