Genesis Global, an online casino operator, has been served a £3.8 million fine and must meet further licensing conditions after a UK Gambling Commission (UKGC) investigation found “significant social responsibility and anti-money laundering failures”.
The Commission’s investigation into the company, which operates 14 casino sites, is long running, with the company first having its licence suspended in July 2020 for an interim period ‘due to a number of compliance issues.’
Although returning to operations three months later after regulatory enquiries revealed positive changes, the Commission continued its investigation of the operator, before reaching its decision to impose a fine, issue a warning and sanction a licence condition requiring further auditing.
