This week the UK Gambling Commission has announced that they've fined Novomatic subsidiary Greentube Alderney £685,000 for violating the country's money laundering provisions and social responsibility failings.
The fine comes after an investigation began last December and found that from a period ranging from December 2019 and November 2020 the company failed to comply with the terms of its licence.
The UKGC found that Greentube: failed to conduct money laundering assessments, failed to prevent money laundering, failed to report key events, and failed to interact with customers in attempts to prevent gambling-related harm. Upon being contacted, Greentube said that they would take action, but didn't indicate that they'd provide written records of steps taken to fix the issues or how they'd do it.
To their credit, Greentube did report suspicious activity to police, but failed to notify the UKGC within five days as required by law.
These actions led to the hefty fine, and Greentube also agreed to reimburse the regulator £8,789.86 for investigative costs and will allow third-party audits for compliance.
Regarding the fine UKGC Executive Director Helen Vann said, "Compliance with Commission rules aimed at keeping people safe and gambling crime-free is not optional.
"We will always take firm action against those operators who fail to meet the high standards we expect for consumers in Britain."