UK Gambling Commission onto Caesars UK for money laundering faux pas

Empire Casino and Playboy Club London failed to prevent money laundering
Empire Casino and Playboy Club London failed to prevent money laundering

The entertainment group announced it will reinforce anti-money laundering efforts

UK.- The UKGC is not happy with the way Caesars Entertainment UK, the regional branch of Caesars Entertainment, is managing its anti-money laundering activities after the group failed to prevent two money laundering cases in two of its London casinos: Playboy Club London and Empire Casino.

As a consequence the global casino operator pledges it will make investments into its processes and will share its lessons with the industry.  Nick Tofiluk, executive director of the UKGC, stated: “We hope the industry will learn the lessons from this case – it is their duty to put processes and policies in place to prevent money-laundering. If operators don’t put such processes and policies in place then they risk losing their operating licence.”

The statement from the UKGC announced that: “The Commission considers that this case provides valuable learning for operators, who should, in light of these matters, consider reviewing their legal obligations regarding the prevention of money laundering.”