Corinthian Clubs Limited
Following a review of the operating licence undertaken against Corinthian Clubs Limited t/a Casino At The Corinthian (the Licensee), the Commission found that the Licensee:
- breached paragraphs 2 and 3 of licence condition 12.1.1 (Anti money laundering - Prevention of money laundering and terrorist financing)
- failed to comply with code of practice issued under section 24 Gambling Act 2005, so as to be treated as a licence condition – Social Responsibility Code Provision (SRCP) 3.4.1 (Customer Interaction).
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:
- give the Licensee a warning under section 117(1)(a) of the Gambling Act 2005 (the Act) Act).
- impose a financial penalty of £68,517.
The reason for this decision was because the Licensee failed to:
- establish and maintain appropriate risk-sensitive policies, procedures and controls to prevent money laundering and terrorist financing
- ensure such policies, procedures and controls were implemented effectively, kept under review, revised appropriately to ensure they remain effective and take into account any applicable learning or guidelines published by the Gambling Commission from time to time
- promptly interact with customers who may have experience significant harm and losses on the Licensee’s casino products
- record sufficient information on customer interactions to demonstrate whether the customer should be identified as high risk for the potential of problem gambling.
The Licensee co-operated with the investigation and acknowledged the failings.