The UK gambling regulator has fined Silverbond Enterprises over social responsibility and money laundering failings.
UK.- The UK Gambling Commission (UKGC) has announced a new £1.8 million fine for another operator. Silverbond Enterprises has been fined for social responsibility and money laundering failings, the regulator said.
The UKGC said that the penalties for Silverbond Enterprises Limited come after an investigation into its Park Lane Club in Mayfair. Two personal management licence holders at the facility also received formal warnings and were informed of how they must improve their record on protecting players and preventing money laundering.
The regulator explained that social responsibility failings included not recognising the indicators of potential problem gambling such as a customer displaying violent behaviour which included threatening staff and damaging of property, a customer asking for his winnings to be transferred to his personal bank account to prevent him playing further, and a customer of the casino asking to increase the maximum amount that could be deposited by cheque.
“Money laundering failings included the operator’s compliance procedures not detailing how anti-money laundering policies were to be implemented and failing to carry out enhanced due diligence on 61 customers,” said the gambling regulator from the UK.