News

The U.K. gaming regulator is inspecting the anti-money laundering programs of 17 online casino operators after uncovering “serious” issues that analysts said pertain to the firms’ compliance with decade-old rules. Last week, the Gambling Commission told all 197 U.K.-registered online gaming businesses to “review all of their [AML] processes” after a sector-wide review uncovered numerous compliance violations, and said it is also investigating 17 firms and considering revoking the licenses of five for allegedly failing to assess risk, vet clients, report suspicious activity and train staff how to spot attempts to launder money. Some of the businesses, which the regulator...