Gambling Commission Takes Action against Greentube Alderney
![Admiral Casino has been fined with £685,000 fine](/assets/images/news/1463/greentube-fine_980x428.jpg)
Greentube Alderney, an online gambling business, has been fined £685,000 by the United Kingdom Gambling Commission after it was found defaulting on social responsibility and money laundering rules.
The UKGC launched an investigation into Greentube Alderney after consumers experienced failures with its services between December 2019 and November 2020.
In its investigation, the Commission found that the company failed in vital security tests, including minimizing the risk of customers experiencing gambling harms and conducting adequate assessments of the risk of money laundering.
The Commission also revealed that Greentube Alderney didn’t have clear and appropriate policies to prevent money laundering and to alert “the Commission to an event that could have a significant impact on the nature or structure of a licensee’s business.”
This contravened the terms in the Gambling Act 2005, which states that gambling operators must prevent gambling from being a source of crime. As part of its sanctions, the online casino operator who manages admiralcasino.co.uk and bellfruitcasino.com will undergo extensive independent auditing for the number of months it failed to adopt safe gambling and anti-money laundering policies.
![Helen Venn Commission Executive Director](/assets/images/news/helen-venn.jpg)
Compliance with Commission rules aimed at keeping people safe and gambling crime-free is not optional. We will always take firm action against those operators who fail to meet the high standards we expect for consumers in Britain.
More Regulation News
RELATED TOPICS: Regulation
Most Read
Must Read
![Interview with Christina Muratkina](/assets/images/news/8180/interview-christina muratkina-onlyplay_282x170.webp)
Review this New Post
Leave a Comment
User Comments
Comments for Gambling Commission Takes Action against Greentube Alderney