UKGC fines online gambling operator

The commission set a €8.1 million fine that Daub Alderney will have to pay for failing to follow rules.

UK.- The UK Gambling Commission (UKGC) has revealed on Tuesday that Daub Alderney has been forced to pay an €8.1 million fine for failing to follow rules aimed at preventing money laundering and protecting vulnerable consumers.

The online gambling operator will also have extra conditions placed on its licence to provide gambling to consumers in Britain. Back in January, the commission gave the operator notice that it was starting a review of its operating licence. Three months later, it decided to refer the case to the Regulatory Panel for a decision, which found that it breached conditions of its licence relating to anti-money laundering measures (AML) and failed to comply with social responsibility codes of practice.

Richard Watson, Gambling Commission Executive Director, said: “This action is part of an ongoing investigation into the online casino sector. The operator’s standards did not match the protections required, and this fine reflects the seriousness of these lapses.”