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.”