Isle of Man GSC imposes GBP3.94m penalty on Celton Manx
The Isle of Man Gambling Supervision Commission imposed a discretionary civil penalty of GBP3.94 million on Celton Manx after finding anti-money laundering and counter-terrorist financing breaches. Celton Manx admitted the breaches and settled, receiving a 30% reduction from the original GBP5.63 million penalty; the Commission said its review did not determine whether money laundering had occurred.
The penalty sets out the GSC's findings on AML controls and obligations for operators and their network partners.