Most Read News
Hairdresser Opens up About Casino AddictionOct 31, 2022
Nebraska Regulators Onboard With Temporary CasinoOct 27, 2022
Trio Jailed for Mugging Casino WinnerNov 04, 2022
Bermuda Hotel Gets Casino LicenseOct 10, 2022
Macau’s MGM Casino Locked Down Due to COVIDNov 01, 2022
Star Sydney Casino Rectifies WrongdoingsSep 28, 2022
3 Suspects Arrested on Cruise After Scam FailureOct 31, 2022
Chicago Casino to Be Raises IssuesNov 30, 2022
In Touch Games Faces £1.6 Million Fine
Rules are meant to be followed and punishments and fines are to be inflicted on those that broke them. In the iGaming industry, there are lots of operators and they need to stick to the regulations. Regulatory bodies are there to keep them in check.
Recently, In Touch Games, a prominent UK operator was charged a £1.6 million fee for breaching AML rules. The operator had also deviated from social responsibility rules. The sad thing about this is that it’s not the operator’s first time doing this.
Not the First Time This Has Happened
Operators have been known to not play by the rules. One of the most recent examples is the Crown brand in Australia which was fined for conducting a money laundering scheme. Regulations are there to keep the entire industry in order.
Operators need to follow them. If they don’t they can lose their license or they might be subject to a fine. The latter happened to In Touch Games. This is an operator popular in the UK and it’s currently in charge of 11 gaming sites.
The operator has been charged with conducting a money laundering scheme by the UK Gambling Commission. Social responsibility rules have also been breached. That’s why the operator is going to pay a fine of £1.6 million.
AML rules are there to stop any kind of money laundering behavior. Social responsibility includes taking care of customers when they engage in compulsive behaviors. In this case, there was a certain customer that needed help, but the operator didn’t provide it.
This is the third time that the operator has had to pay enormous sums because of breaching other rules. In 2019, the operator was fined £2.2 million for regulatory failures and was also issued a warning. But the operator didn’t heed that warning and it was fined again in 2021. This time the fine was £3.4 million.
It’s possible that the third time’s the charm and that In Touch Games will get wise enough to follow the rules. But it’s also possible that the operator will continue to break rules until it’s severely punished.
In touch Games needs to pay a fine of £1.6 million for breaching regulations. This is the third time the operator has broken the rules and it’s not clear if it will continue to go down the same road or change the way it operates.