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In the United Kingdom and a trio of iGaming firms have reportedly been heavily fined and placed under a revised set of operating conditions after being found wanting with regards to their anti-money laundering and social responsibility duties. The operator will now purportedly be required to conduct comprehensive appraisals of its top 250 customers every year and regularly track the subsequent effectiveness of any such campaigns.In the United Kingdom and a trio of iGaming firms have reportedly been heavily fined and placed under a revised set of operating conditions after being found wanting with regards to their anti-money laundering and social responsibility duties....

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Delinquent duties:The examination launched in September of last year into BGO Entertainment Limited reportedly determined that the Guernsey-based firm had been deficient in its interactions with customers from an anti-money-laundering and social responsibility perspective.In the United Kingdom and a trio of iGaming firms have reportedly been heavily fined and placed under a revised set of operating conditions after being found wanting with regards to their anti-money laundering and social responsibility duties. The enquiry purportedly found that the firm behind the domains at PowerSpins....

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Read a statement from Papanier…“This transaction is consistent with our core strategy of acquiring strategic gaming assets at attractive valuations and, importantly, represents the company’s entry into a tenth state.81 million and implement a selection of enhanced due diligence and responsible gambling controls. The iGaming enterprise has now purportedly been instructed to ensure all of its money laundering reporting officers or their deputies secure suitable qualifications including a Personal Management Licence and additionally join senior management and key control staff in attending annual anti-money laundering refresher courses....

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The operator is to moreover purportedly be required to log the effectiveness of any interactions, place automatic limits on th We believe this property is a great fit for our portfolio.81 million and implement a selection of enhanced due diligence and responsible gambling controls....

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The operator will now purportedly be required to conduct comprehensive appraisals of its top 250 customers every year and regularly track the subsequent effectiveness of any such campaigns.com and BGO.com had also failed to effectively apply procedures and policies for those exhibiting signs of problem gambling by allowing one potentially vulnerable punter to wager six-figure amounts without taking action....