uring an investigation by the UK Gambling Commission (UKGC), Boylesports Enterprise was found to have breached Commission rules aimed at preventing money laundering on its Boylesports.com and Boylecasino.com websites.
The gambling business has had a series of tougher conditions added to its licence after UKGC's assessment revealed a series of money laundering failures.
The investigation part of the regulator’s ongoing drive to raise standards across the gambling industry revealed that the operator failed to have an appropriate money laundering risk assessment in place. It was also found that its anti-money laundering policies, procedures and controls were unsuitable and therefore could not be implemented effectively.
The probe also revealed that the operator failed to comply with elements of the Money Laundering Regulations.
Richard Watson, executive director at the Gambling Commission, said: "It is vital that all gambling businesses have effective anti-money laundering policies and procedures firmly in place and as part of our ongoing drive to raise standards we will continue to take tough action against operators who do not."
License conditions added to Boylesports Enterprise license include:
In addition to the license conditions imposed by the Commission, Boylesports Enterprise was also given an official warning and fined £2.8 million for its breaches.