Three casino operators owned by Rank Group will pay £5 million [$6.6 million] after the gambling watchdog found a series of due diligence failures, including around a customer using crypto assets to gamble.
The Gambling Commission said Grosvenor Casinos Limited, Grosvenor Casinos (GC) Limited and Gaming Group Limited run 51 casinos across Britain. They are owned by Rank Group, a FTSE-listed business which also runs Mecca bingo halls and online casinos.
The regulator’s investigation into the venues identified failures to meet anti-money laundering and social responsibility duties.
This included having unclear policies, procedures and controls which resulted in inappropriate risk levels being ascribed to high-risk customers and high-risk sources of funds being used without appropriate scrutiny, the review found.
