This story was published more than 3 years ago.
Land casino group Casino 36 has been fined £300,000 from the UK Gambling Commission for violating anti-money laundering and social responsibility regulations.
The fine is part of an agreement between the casino group and the Commission, wherein they'll divest £147,741 and make a £152,259 payment. The UKGC found that the Wolverhampton venue didn't do their due diligence for some high-end punters, including not looking into the source of wealth, and source of funds. In all, 33 customers spent £147,741 at Casino 36 over a one year period.
According to the final report from the UKGC, Casino 36 "failed to protect vulnerable customers" and that controls in place were "inadequate, outdated and failed to take account of current Commission guidance."
In addition to the fines, Casino 36 will have further conditions on their gaming license, including comprehensive anti-money laundering training for management, as well as other staff. They must also maintain EDD on its top 250 customers, split into the top 125 customers in terms of spend, and the 125 customers to lose the most in the casino.