The UK Gambling Commission (UKGC) is seeking payment from SkillOnNet in lieu of a £305,150 as a financial penalty for breaches of social responsibility and anti-money laundering measures.
SkillOnNet, operator of 50 websites, including 15 White Label sites such as gentingcasino.com, playtoro.com and slotstars.com, is the latest in a long list of firms brought to justice by UKGC.
The UKGC explained that SkillOnNet has failed to prevent the use of gambling for, or related to criminal activities, to ensure that gambling is conducted in a fair and open manner, and to protect vulnerable groups from harm and exploitation.
According to the regulator’s conclusion, SkillOnNet does not have sufficient policies, procedures and controls to comply with anti-money laundering (AML) and responsible gambling requirements, and there are weaknesses in the implementation of the latter obligations.
For example, SkillOnNet customers were able to exceed the £2,000 limit by more than twice, suggesting that some of them were reallocating or rearranging winnings.
SkillOnNet has been accused of not accounting for payments from unknown third-party clients organized by criminal groups and multi-accounts, as well as not taking into account information about the risks of money laundering and financing of terrorism in case of failures in payment systems.
The Commission has chosen a fee of £305,150 to be used to fund social responsibility activities. In addition, SkillOnNet agreed to pay an additional £9,079 to cover the costs of the investigation and agreed to undergo a third party audit.
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