16th of November 2018 Author: Alex Hoffmann
Creators of â€˜unique online entertainment experiences' and leading iGaming operators, Daub Alderney, part of the Stride Gaming Group, have been fined by the United Kingdom Gambling Commission for failing to comply with the regulator's policy concerning the prevention of money laundering and user protection. The company will have to pay a £7.1 million penalty, according to Richard Watson, UKGC executive director, who also said:
'This action is part of an ongoing investigation into the online casino sector. The operator's standards did not match the protections required, and this fine reflects the seriousness of these lapses.'
A Year-Long Licence Review:
The Commission has launched a full-scale review of Daub Alderney's operating licence on January 12th, 2018 due to the following reasons:
General Gambling News
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Oh, we've got a winner it seems! Seriously, I read somewhere recently that the Commissioner has already issued much smaller fines, but this is quite a kick in the n*ts. I'll always opt for user protective measures, and this is certainly one of the ways to do it.
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