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com was hit with the monumental fine after an investigation discovered that it had failed to adequately check the source of funds for seven of its high-rolling VIP customers.Dubious dealings:The newspaper reported that one of the suspicious cases concerned a gambler who had deposited approximately ￡8 million ( million) over the course of a four-year period before going on to lose about half of this amount.com was hit with the monumental fine after an investigation discovered that it had failed to adequately check the source of funds for seven of its high-rolling VIP customers....

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In the United Kingdom and the Gambling Commission regulator has reportedly slapped online casino and sportsbook operator Betway Limited with a record ￡11.5 million) penalty after uncovering a series of social responsibility and anti-money laundering failings. We have set tight deadlines for when we expect to see progress and if we do not see the right results then we will have no choice but to take further action....

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The regulator purportedly stated that ‘the majority of this money will now be divested and returned to victims’ with the operator furthermore now required to hand over an equivalent amount for use on programs designed to reduce gambling harm.Top-rated blockchain gaming platform FunFair Technologies has announced a brand new online slot game for their players titled Five Fruits.Diverse deficiencies:The Gambling Commission reportedly declared that Betway Limited’s social responsibility and anti-money laundering procedures had been ‘inadequate’ as the seven cases indicated that it could have allowed some ￡5....

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The treatment and handling of high-value customers is a significant piece of that work and operators are in no doubt about the need to tackle the issue at speed.The Guardian reported that another suspect instance had involved the online casino and sportsbetting firm accepting deposits worth about ￡187,000 (3,750) from a customer over the course of only two days without seeking source-of-funding evidence. We are very excited about what the future holds....

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The game is now offered for spinning at partner casinos of FunFair including CryptoCasino and CasinoFair. The treatment and handling of high-value customers is a significant piece of that work and operators are in no doubt about the need to tackle the issue at speed. The regulator purportedly stated that ‘the majority of this money will now be divested and returned to victims’ with the operator furthermore now required to hand over an equivalent amount for use on programs designed to reduce gambling harm....