FCC Flash

On September 18, 2023, Lindar Media Limited faced enforcement action by the United Kingdom Gambling Commission (UKGC) and was fined GBP 690,947 for violations related to social responsibility and anti-money laundering (AML) practices.

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A compliance assessment conducted by the Commission, followed by a regulatory review, revealed the following issues:

  • Inadequate Implementation of AML Policies: Lindar Media Limited failed to effectively implement its AML policies, procedures, and controls.
  • Lack of Proper ML and TF Risk Assessment: The company did not perform a proper Money Laundering (ML) and Terrorist Financing (TF) risk assessment, as it did not adequately assess risks related to customers, payment methods, additional inherent risks, and emerging risks under operator control.
  • Risk Factors Involving High-Risk Countries: Lindar Media Limited did not appropriately consider risk factors associated with customers from high-risk countries, whether due to their citizenship, country of business, or country of residence, which could result in a higher ML and TF risk.
  • Disproportionate Spending: The company failed to determine whether customers’ spending patterns were proportionate to their reported income or wealth.
  • Unusual Business Relationships: Some business relationships were conducted in unusual circumstances, raising concerns regarding compliance with AML regulations.

Additionally, the ML and TF risk assessment conducted by the casino entity did not specifically address certain key risk factors outlined in the Money Laundering Regulations of 2017.