The Netherlands' regulator Kansspelautoriteit has issued a warning to online casino operators that have licenses in the country, noting that some have insufficient anti-money laundering procedures and that they have to shore them up in order to remain in compliance with Dutch law.
The KSA indicated that some operators aren't checking for the origins of customer funds, with some only conducting checks after deposits of more than €2,500 were made. There are also lapses in regard to reporting of suspicious transactions. Laws in the country require investigations of transactions of more than €15,000 in 24 hours, but some operators are not doing this.
The KSA issued a formal warning to all operators in the country, noting that investigations will continue and if wrongdoing is found there will be financial consequences.
In a statement the KSA commented, noting: "The KSA therefore expects licence-holders to conduct earlier research; this is important from the point of view of preventing gambling addiction and money laundering."