Stride Gaming subsidiary, Dobrodelni, has received a substantial penalty of £7 million (equivalent to $9 million USD) due to significant shortcomings in its anti-money laundering (AML) and player safeguarding protocols. The UKGC, responsible for issuing the sanction, determined that the firm had not implemented adequate measures to thwart money laundering and safeguard at-risk patrons.
The inquiry uncovered insufficient risk evaluation processes for identifying and mitigating potential money laundering operations. Furthermore, Dobrodelni fell short in establishing and upholding effective policies and procedures pertaining to customer management and protection. This encompassed deficiencies in recognizing and engaging with individuals who might be susceptible to gambling-related harm.
This action forms part of a broader initiative by the Gambling Commission to elevate standards within the internet gambling sector. Richard Watson, Executive Director at the Gambling Commission, underscored the gravity of the deficiencies, asserting that the penalty mirrors the operator’s inability to fulfill the mandated safeguarding benchmarks. The Commission has also imposed supplementary conditions on Dobrodelni’s operational license to guarantee the implementation of enhancements.
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