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November 30, 2022: UK Gambling Commission fines AG Communications £237,600

Gambling business AG Communications Limited fined £237,600

30 November 2022

Gambling operator AG Communications will pay a £237,600 penalty for anti-money laundering (AML) failures.

The operator – which trades as Aspire Global and runs 66 websites – will also receive an official warning and have conditions added to its licence. 

AML breaches related to the operator being unable to demonstrate that it had carried out appropriate due diligence checks on six third party businesses it had entered into white-label partnerships with.

Additional licence conditions set out specific action the licensee must take to ensure thorough due diligence checks are conducted.

All operators entering white-label partnerships are reminded of their obligations.

Read AG Communications’ full penalty including additional licence condition wording.

Note to editors

White-label partnerships involve a licensed operator running a gambling business using the branding of another business.

For all media enquiries, please contact the Gambling Commission press office.

UK Gambling Commission Press Release

Link:

Gambling Commission Press Release

Penalty

Categories: Anti-Money Laundering Civil Monetary Penalties Enforcement Actions UK Gambling Commission updates

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