UKGC Fines Boylesports £2.8 Million

This story was published more than 3 years ago.

This week it was announced that the UK Gambling Commission has fined Boylesports £2.8 for various anti-money laundering breaches on their internet gaming sites.

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.

Related casinos

BoyleSports CasinoAlderney, U.K.

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.