UKGC fines Mr Green

The UKGC has set that Mr Green will have to pay a £3 million penalty for regulatory failures in its online casino services.

UK.- The UK Gambling Commission (UKGC) has reported that Mr Green is set to pay £3 million as part of the regulator’s targeted investigation into online casinos in the UK. Mr Green is the ninth gambling business to face action as part of a regulator probe that has led to more than £20 million in penalty packages since 2018.

The penalty package sets that the company will pay £3 million to the National Strategy to Reduce Gambling Harms because it failed to have effective procedures aimed at preventing harm and money laundering.

As a result of these failures Mr Green did not carry out social responsibility interaction with a customer who won £50k, gambled it away and deposited thousands more pounds. It took ten-year-old evidence of a £176k claims payout as satisfactory evidence of source of funds (SOF) for a customer who deposited over £1 million, and it accepted a photograph of a laptop screen showing currency in dollars on an alleged crypto trading account as adequate SOF.

Richard Watson, Gambling Commission Executive Director, said: “Our investigation uncovered systemic failings in respect of both Mr Green’s social responsibility and AML controls which affected a significant number of customers across its online casinos.

“Consumers in Britain have the right to know that there are checks and balances in place which will help keep them safe and ensure gambling is crime-free – and we will continue to crack down on operators who fail in this area.”