AG Communications Limited
Account number
39483
Head office address
High Street 135,SLIEMA, SLM 1548, Malta
Regulatory actions
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: 14 November 2022
Outcomes: Conditions attached to the licence, Financial penalty and Warning
Details of action
Following a review of the operating licence undertaken against AG Communications Limited (“the Licensee”), the Commission found that the Licensee breached:
- Paragraphs 1 and 2 of licence condition (LC) 12.1.1: Anti-money laundering - Prevention of money laundering and terrorist financing
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:
- Impose a financial penalty of £237,600 under section 121(1) of the Act 2005
- Give the Licensee a warning under section 117(1)(a) of the Act
- Attach additional conditions to the Licensee’s operating licence under section 117(1)(b) of the Act requiring the Licensee to conduct risk based due diligence on the third parties it transacts with.
The Licensee co-operated with the Commission throughout the investigation and took corrective steps to address the identified failings.