Gamesys cops £1.2m fine from UKGC over money laundering

Gamesys online casino softwareThe Gambling Commission of the United Kingdom (UKGC) has served a £1.2 million fine to Gamesys for failure to comply with regulations around player protection and money laundering.

A police investigation revealed that three gamblers had spent stolen cash with the gaming company’s online casino brands, which led to a full-scale regulatory review.


The UKGC found that Gamesys had failed to undertake appropriate measures against fraud and money laundering between 2014 and 2016.

“It is vital operators understand customers, track their online gambling and step in quickly when they suspect someone is suffering from gambling harm,” said UKGC director Richard Watson.

“Gamesys’ approach resulted in a variety of failings and saw stolen money flowing through the business – with customers being put at risk of gambling-related harm.”

The firm accepted the ruling and insisted its security processes had become much more stringent since the offences in question took place.

“We acknowledge and fully accept the findings of the Commission in regard to these historic cases from 2014 to 2016,” said Gamesys director Leon Earp.

“Since that period we have significantly improved our risk assessment procedures and made extensive investments in resources, tools and training, all of which enable us to better understand and support our customers, and keep crime out of gambling.”

The terms of the settlement include a £690,000 fine and £460,472 in payments to the defrauded victims.