BetVictor have been hit with a £2 million [$US2.7 million] regulatory action by the Gambling Commission after an investigation revealed fairness, social responsibility and money laundering failures.
The operator will pay the money as part of a settlement with the commission, the money going to the National Strategy to Reduce Gambling Harms.
The Gambling Commission began a regulatory review of BV Gaming…in April 2020 after a compliance assessment. It found failings in the company’s processes which were aimed at preventing money laundering and protecting vulnerable people.
Among the money-laundering rule breaches made by the company, was not adequately including risk factors, such as high spenders or consumers using multiple gambling accounts or wallets.
