An international casino operator has agreed to improve their anti-money laundering processes, share lessons with the wider industry, and spend 845,000 on socially responsible purposes after failing to do enough to prevent money laundering.
The failures occurred at two of Caesars casinos in London the Playboy Club London and the Empire Casino.
The regulator the Gambling Commission said that all operators are advised to read the ten-page statement, Caesars Entertainment (UK) Ltd: Failures in anti-money laundering controls public statement for further details and lessons to be learned1.
Nick Tofiluk, the former senior West Midlands Police man now Executive Director at the Birmingham-based regulator, said: We hope the industry will learn the lessons from this case it is their duty to put processes and policies in place to prevent money-laundering.
If operators don t put such processes and policies in place then they risk losing their operating licence.
References
- ^ Caesars Entertainment (UK) Ltd: Failures in anti-money laundering controls public statement for further details and lessons to be learned (www.gamblingcommission.gov.uk)
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