Smarkets Fined £630,000 for AML and Social Responsibility Failings
The HALLO ECHO The HALLO ECHO https://secure.gravatar.com/avatar/6643e16afd87312befa164d5a24507e3?s=96&d=mm&r=gThe UK Gambling Commission (UKGC) has handed a £630,000 fine to betting exchange Smarkets after identifying a series of anti-money laundering and social responsibility failings, including letting a player deposit a six-figure sum without appropriate checks. According to UKGC, Smarkets allowed customers to gamble without carrying out sufficient source-of-funds checks, while the operator was…
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