KSA Issues Warnings to Operators

This story was published more than 1 year ago.

The Netherlands' gaming regulator Kansspelautoriteit has warned two anonymous operators after they were found to have not been in control of how customers were gambling on their betting sites.

The KSA found the operators in violation of the Money Laundering and Terrorist Financing (Prevention) Act (WWFT), as they didn't interject when players were able to deposit and lose large sums of money. One player last year lost €17,000 with no intervention between October and December of last year. A separate case saw a 26-year-old lose €114,000 in just a month's time. A third player lost €87,000 between October of 2021 and March of this year, while a fourth lost €27,000 in two weeks' time.

Dutch law requires operators to monitor player behavior and intervene if anything unusual appears to be taking place, such as depositing high amounts of money suddenly. These incidents are also required to be reported to the Financial Intelligence Unit of the Netherlands.

Both companies were given warnings and will be monitored over the next several months to ensure compliance with rules and regulations.

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.