UK’s Gambling Commission has toughened its conditions on the license of Boylesports Enterprise, an online gambling operator. The regulator found that Boylesports had violated AML regulations on its Boylesports.com and Boylecasino.com websites.
Boylesports lacked an adequate AML framework. Specific deficiencies were present in the areas of ML risk assessment and the development and implementation of AML policies. As a result, the license conditions added to Boylesports Enterprise license include maintaining the appointment of a qualified Money Laundering Reporting Officer, ensuring that all management and staff members undergo outsourced AML training and annually enroll in refresher training, and continuing to monitor the adequacy and execution of its AML policies.
Additionally, the Commission has given Boylesports an official warning and levied a penalty of £2.8 million ($3.74) for AML violations.
Source: Gambling Commission, UK