AG Communications Issued $237,600 Fine By Gambling Commission For AML Violations
AG Communications has been penalised £237,600 by the UK Gambling Commission for anti-money laundering violations, according to the commission's statement.
AG Communications issued a $237,600 fine by Gambling Commission for AML violations.
AG Communications has been penalised £237,600 (€274,637) by the UK Gambling Commission for anti-money laundering (AML) violations, according to the commission's statement. Aspire Global's parent company, AG Communications, has also been officially warned and will now have extra limitations applied to its operating licence, according to a press release from the UKGC.
Sixty-six of the ninety-five domains owned by Malta-based AG Communications are active in the UK. These websites include, among others, 24spin.com, casinoluck.com, greenplay.com, and kingcasino.com.
According to the UKGC's investigation, the operator could not give evidence that it had performed the necessary due diligence investigations on the six outside companies with which it had entered into white-label relationships.
As a result, the company's responsibilities regarding due diligence have increased.
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