Following a police investigation relating to an individual customer, the Commission became aware of potential weaknesses in anti-money laundering and social responsibility controls put in place by Aspers UK Holdings Limited group (Aspers) at one of its casino premises.
As a result, Aspers has undertaken an extensive review of its anti-money laundering and other relevant controls. Aspers has agreed that the lessons it has learnt from dealing with this matter should be shared with the industry more widely.
The Commission does not doubt the overall commitment of Aspers’ management to combating both money laundering and problem gambling. Indeed, the fact that Aspers have invested significantly in these areas would suggest that even the most rigorous of operators is likely to find points of learning to be drawn from Aspers’ experiences.
The lessons relate to the following:
- ensuring the appropriate and effective management of regulatory risk within the commercial environment
- ensuring that information sources are appropriate and effective in identifying regulatory risk eg money laundering and potential problem gambling and are acted upon.
The Commission has published a full public statement.
Matthew Hill, Director Regulatory Risk and Analysis, Gambling Commission, said:
“These events demonstrate the need for Boards, however committed, to ensure their controls on money laundering and problem gambling are effective on the ground.
These cases, and others like them, suggest that there are industry-wide vulnerabilities that need to be tackled as a priority.
The Commission is grateful for the assistance of Durham constabulary and the full cooperation of Aspers UK Holdings Limited in this case"
Notes to editors
- The Gambling Commission regulates gambling in the public interest alongside its co-regulators local licensing authorities. It does so by keeping crime out of gambling, by ensuring that gambling is conducted fairly and openly, and by protecting children and vulnerable people from being harmed or exploited by gambling. The Commission also provides independent advice to government on gambling in Britain.
- The Commission and local licensing authorities are responsible for licensing and regulating all gambling in Great Britain other than spread betting, which is the responsibility of the Financial Conduct Authority (FCA).
- See the Terms & Conditions section of our website for information on legal advice.
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Posted on 30 September 2013