Operator AG Communications, which trades as AspireGlobal, is to pay £1.4m as part of a settlement with the UK Gambling Commission.
A commission investigation highlighted a number of social responsibility and anti-money laundering failures.
In 2022, the company was obliged to pay £237,600 in a separate case of anti-money laundering failures.
“This case marks the second occasion that this operator has been subject to enforcement action. Its failure to uphold anti-money laundering standards, delays in necessary interventions, and deficiencies in social responsibility measures are wholly unacceptable,” said John Pierce, commission director of enforcement.
“Today’s outcome underscores the gravity of these breaches. It is essential that operators not only implement and maintain robust anti-money laundering policies, procedures, and controls but also act swiftly and decisively in response to any indications of suspicious activity. Effective social responsibility measures must be in place at all times to ensure that consumers identified as at risk receive timely and appropriate intervention.
“This case stands as a clear warning to all operators that repeated regulatory failings will result in increasingly stringent enforcement action.”
