UK Gambling Commission examines operators’ anti-money-laundering controls in fraud inquiry
The UK Gambling Commission examined several licensed operators’ anti-money-laundering controls after investigators found that money from an alleged Spanish investment fraud had passed through online gambling operators in the UK. The report also cites a 2021 government response saying regulatory settlements involving four operators exceeded £6.2 million and were directed towards compensation for identified victims.
The inquiry places licensed operators’ checks on the origin of customer funds under regulatory scrutiny.