GSC fines SK IOM £70,000 for AML and counter-terrorism control failures
The Isle of Man Gambling Supervision Commission imposed a £70,000 civil penalty on SK IOM after an investigation into anti-money laundering and counter-terrorism financing breaches. The penalty was reduced from £100,000 after the company cooperated and completed remedial work, the GSC said; SK IOM accepted the findings.
The penalty and remedial work offer Isle of Man-licensed operators a compliance enforcement case to consider.