UK-based gaming operator Stride Gaming has decided to accept £7m penalty slapped by the UK Gambling Commission (UKGC). Daub Alderney, part of Stride Gaming Group, will not appeal the penalty issued for its failure to prevent money laundering.
The Gambling Commission conducted an investigation about the activities of Stride Gaming and found that its mode of operation had lapses in monitoring of players, keeping full records of customer transactions and staff training in recognising transactions which could relate to money laundering.
Nigel Payne, Non-Executive Chairman of Stride Gaming, said: “Stride Gaming considers that robust anti-money laundering and social responsibility controls are extremely important.”
The Real Good Food Company
“The advice we got from Joelson was, as usual, proactive, clear and practical. The timetable was tight but Sheldon, Philippe, Johnathan and the rest of the legal team made sure we got through everything in good time and with zero fuss.”
Pieter Totte, Executive Chairman
The Real Good Food Company PLC