Gaming operator TonyBet has been issued a large £442,750 fine by the UK Gambling Commission for failures related to social responsibility, anti-money laundering policies, and failing to have fair and transparent terms and conditions.
The company was also issued a warning and will have to undergo an independent audit to ensure whether they're meeting the country's requirements when it comes to anti-money laundering and social responsibility procedures. Further failure to adhere to regulations could see additional fines and the revocation of the company's gaming licence.
TonyBet was found to not have educated consumers on the risk of possible gambling harms, and they failed to interact with customers that were at risk themselves.
In a statement, UKGC Executive Director Kay Roberts said, "Not only does this case illustrate our drive to clamp down on anti-money laundering and social responsibility failures, but also highlights action we will take against gambling businesses who fail to be fair and open with customers."
No comment from TonyBet was available at press time.