Did you know you can earn CLchips to spend in our shop just by posting in our forums?

UKGC Fines The Park Lane Club £1.8 Million

11 September 2019 by Therese Williams

This story was published more than 3 years ago.

This week the UK Gambling Commission has fined The Park Lane Club's owner Silverbond Enterprises for a hefty £1.8 million total due to failures related to social responsibility and anti-money laundering measures.

The issues for the operator began in 2016 when there were reports that the casino failed to live up to the regulations in place regarding fighting money laundering. That initial investigation gave additional licensing requirements for Silverbond, but those weren't adhered to, and there was a further investigation, as it appeared that the casino's top customers weren't having due diligence checks conducted.

This new investigation resulted in a £1.8 million fine, an official warning, and additional measures. The company will be required to undergo additional training to get back on track. Continued violations can result in the group facing more fines and potential license revocation in the future.

We'll let readers know if there's any update in the future.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
1 reply • Last post

Comments

bgsharpe
Forum AngelForum Angel
sharpe's picture ▼
Location: Sofia, Bulgaria
Joined: 4 Nov 2014
Posts: 7639
Thanks given: 4238
Thanks received: 1164
27 September 2019 - 7:54pm
#1

That's one of the heftiest fines I've had ever heard of but I guess it's fully deserved as well...looks like the casino have violated the anti-money laundering rules for years..