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The company was found to have not had "an appropriate money laundering risk assessment in place", and that it also failed to comply with regulations put forth by the regulator. Because of this, the fine was levied, and there will also be license conditions instated. These include having a qualified person to be a Money Laundering Reporting Officer, and that all key control staff and management will have to undergo AML training with refresher courses annually.
Commenting on the matter UKGC Executive Director Richard Watson said, "It is vital that all gambling businesses have effective anti-money laundering policies and procedures firmly in place and as part of our ongoing drive to raise standards we will continue to take tough action against operators who do not."
No comment from Boylesports was available as of press time.
|BoyleSports Casino||Alderney, U.K.|