ProgressPlay Limited faces its second gram for AML and the failure of social responsibility after assessing the compliance of the Gambling Committee.
A gambling company will have to pay a fine of one million pounds after Evaluation of compliance with a gambling committee It reveals failures in anti -money laundering procedures (AML) and social responsibility procedures. ProgressPlay runs 134 sites and will now need a review of an external authority to ensure effective AML policies and social responsibility.
AML failures included not conducting appropriate assessments or implementing the correct controls to alleviate the risk of money laundering and terrorist financing. The committee also found that Progressplay did not consider all the risks associated with its work and did not examine related transactions with customers.
John Pears, Director of Enforce and Intelligence, said: “Gambling companies must have strong policies and measures to protect consumers and ensure that appropriate controls are maintained to combat money laundering,” said John Pears, Director of Enforce and Intelligence. “These measures must be implemented actively and test them regularly to confirm their effectiveness.
“This case represents the second time that ProgressPlay Limited is subject to enforcement procedures by the Gambling Committee. Its failure to meet the AML obligations, along with the segments specified in its social responsibility operations, is unacceptable. As part of the organizational result, it is now required to be submitted to an independent review of the third party to evaluate it to adhere to adhere to it across these areas.
“The operators must undoubtedly be: frequent regulatory violations will lead to increasingly enforcement. We urge all operators to examine the failures specified in this case and take proactive steps to enhance their systems and their own controls.”
Social responsibility in gambling is when companies have a delegation to monitor customers for a danger Possible damage to gambling. It was found that Progressplay did not have sufficient systems to track potential risk factors, or to implement any related interventions.
For example, there was no policy of customer interaction, which means that the company failed to identify, evaluate and evaluate customer behavior.
This is the second occasion that ProgressPlay faced an enforceable procedure, as the previous accident occurred in 2022, when the operator was fined 175,718 pounds due to social responsibility and the failure of money laundering. The latest fine comes after the committee recently She strengthened her operations for fines operators In breach of the rules.
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