Lessons to be learned from money laundering failures at Caesars casinos
15 December 2015
An international casino operator has agreed to improve their anti-money laundering processes, share lessons with the wider industry, and spend £845,000 on socially responsible purposes after failing to do enough to prevent money laundering.
The failures occurred at two of Caesars casinos in London - the Playboy Club London and the Empire Casino. All operators are advised to read Caesars Entertainment (UK) Ltd: Failures in anti-money laundering controls public statement for further details and lessons to be learned.
Nick Tofiluk, Executive Director at the Gambling Commission, said: “We hope the industry will learn the lessons from this case – it is their duty to put processes and policies in place to prevent money-laundering. If operators don’t put such processes and policies in place then they risk losing their operating licence.”
Voluntary settlements are a way of ensuring gambling is fair and open, crime free and children and the vulnerable are protected without conducting formal licence reviews1.
Caesars failed to manage the risk of money laundering in a number areas and these failures are covered in the Commission’s public statement.
Public statements are only available online for 3 years from the date of issue. If you require a copy of a historic public statement, contact us with details of the statement you require.
1 Read more about voluntary settlements on page 11 of Statement of principles for licensing and regulation (opens in new tab).
Note to editors
- More information about how we regulate the gambling industry.
- Useful statistics on the gambling industry.
- More information on prevention of money-laundering.
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