Mr Green Hit With £3m Penalty by UK Gambling Commission
Mr Green has been hit with a £3 million penalty after the UK Gambling Commission “because it failed to have effective procedures aimed at preventing harm and money laundering.”
The £3m penalty package will be paid to the National Strategy to Reduce Gambling Harms which was launched by the UKGC in April 2019.
Mr Green is the ninth gambling business to face action since 2018 as part of the UK Gambling Commission’s ongoing investigation into the online casino sector.
The failures were listed as:
- “did not carry out social responsibility interaction with a customer who won £50,000, gambled it away and deposited thousands more pounds
- took ten-year-old evidence of a £176,000 claims payout as satisfactory evidence of source of funds (SOF) for a customer who deposited over £1m
- accepted a photograph of a laptop screen showing currency in dollars on an alleged crypto trading account as adequate SOF.”
Richard Watson, Gambling Commission Executive Director, said: “Our investigation uncovered systemic failings in respect of both Mr Green’s social responsibility and AML controls which affected a significant number of customers across its online casinos.