LeoVegas Gaming PLC
Sliema, SLM 1640, Malta
What is a sanction?
When a licence holder has not followed rules and regulations aimed at ensuring gambling is fair, safe and crime-free, we can take action and impose the following sanctions:
- Give the licensee a warning
- Add, remove, or amend a condition to the licence
- Suspend a licence
- Revoke a licence
- Impose a financial penalty
Decision date: 11 July 2022
Outcomes: Conditions attached to the licence, Financial penalty and Warning
Details of action
Following a review of the operating licence undertaken against LeoVegas Gaming PLC (the Licensee), the Commission found that between October 2019 and October 2020 the Licensee:
• breached paragraphs 2 and 3 of licence condition 12.1.1. Anti-Money Laundering (AML) – Prevention of money laundering and terrorist financing
• breached paragraph 1 of licence condition 12.1.2. Anti-Money Laundering (AML)
• failed to comply with paragraphs 1(a),1(b) and 2 of social responsibility code of practice (SRCP) 3.4.1 (Customer Interaction)
• failed to comply with SRCP 3.9.1 (Identification of customers)
• failed to act in accordance with ordinary code provision (OCP) 2.1.1 (Anti-money laundering).
In line with the Commission’s Licensing, compliance and enforcement policy statement, the Indicative sanctions guidance and the Statement of principles for determining financial penalties, the Commission has decided to:
• imposed a warning under section 117(1)(a) of the Gambling Act 2005 (the Act)
• attach an additional condition to the Licensee’s operating licence under section 117(1)(b) of the Act requiring:
“The Licensee must undertake a third-party audit within 12 months of the conclusion of the review. The purpose of the audit is to examine whether the Licensee is effectively implementing its anti-money laundering and social responsibility policies, procedures and controls in accordance with its regulatory requirements.
The Licensee must provide the Commission with a copy of the Audit report within 5 working days of it being received by it.”
• impose a financial penalty of £1,320,000.
The Commission’s review of the specific customers identified during the Compliance assessment found no evidence of criminal spend with the Licensee. The Licensee has co-operated with the Commission throughout the investigation and taken appropriate remedial action to address the identified failings.