UK's gambling regulator fines 32Red, Platinum Gaming $8.8 mln (updated)

Kindred

23/03/2023 07:51

(Adds details on violations)
       March 23 (Reuters) - UK's Gambling Commission slapped a
7.1 million pound ($8.8 million) penalty on online operators
32Red Ltd and Platinum Gaming Ltd, owned by Kindred Group Plc
 KINDsdb.ST , for social responsibility and anti-money
laundering failures, the regulator said on Thursday.
    "These failures highlight clearly that both operators failed
to interact with customers in a way which minimises the risk of
them experiencing harms associated with gambling," said Kay
Roberts, executive director of the Gambling Commission.
        The regulator said financial triggers for anti-money
laundering reviews at 32Red were too high and not appropriate to
effectively manage money laundering and terrorist financing
risks, while Platinum's policies were found unsuitable.
  
        Social responsibility errors by 32Red and Platinum
included failure to identify and interact with customers who
might have been experiencing the perils of gambling.
  
    32Red, which runs 32red.com, will pay a 4.2 million pound
fine, while Platinum Gaming, which runs unibet.co.uk, will cough
up 2.9 million pounds, the regulator said in a statement on
Thursday.
 
 ($1 = 0.8113 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru; Editing by
Savio D'Souza)
 ((abyjose.koilparambil@thomsonreuters.com; +917483275231;))