SectorWire
SearchGet the daily briefing
Menu

French sanctions committee fines betting operator €20,000 over AML breaches

Enforcement & compliance

France’s National Sanctions Committee (CNS) fined an online betting operator and its director €20,000 each, and fined its compliance officer €5,000, after finding anti-money laundering and counter-terrorist financing breaches. The July decision, published on Tuesday, also imposed suspended two-month bans on all three from managing online betting activities; two other individuals were cleared. The ANJ had opened an inquiry after a listed individual’s account was confirmed in December 2023.

The penalties and suspended management bans show the consequences of AML and counter-terrorist-financing breaches.

Earlier fines and penalties by ANJ

DateCompanyAmountStoryAppeal status
Not namedNot statedFrance’s CNS fines licensed gambling operator and suspends online activity for two monthsNot stated
Not namedNot statedANJ commission sanctions licensed operator over anti-money-laundering breachesNot stated
PolymarketNot statedPolymarket challenges ANJ website blocking order in FranceNot stated
PolymarketNot statedPolymarket says it will challenge France’s site-blocking decisionNot stated
Not namedEUR 15,000ANJ sanctions commission issues warnings and fines over return-to-player breachesNot stated

Connections

Request a correction

Keep reading

Enforcement & compliance

Lotteritilsynet fines four bingo operators over AML breaches

Norway's Lotteritilsynet has imposed coercive fines on four bingo operators for breaches of the anti-money laundering law, the regulator said. Three of them — O Kristoffersen Bingodrift AS, Royal Bingodrift AS and Master Online AS — have appealed one of four orders to the Ministry of Finance, which is the appeal body; one operator has not appealed. The regulator says the operators lack systematic checks on customer transactions between bingo halls and on the NOK16,000 threshold that triggers extra checks.

Continue reading