Gambling business AG Communications Limited fined £237,600
1 December 2022
(PRESS RELEASE) -- Gambling operator AG Communications will pay a £237,600 penalty for anti-money laundering (AML) failures.
The operator, which trades as Aspire Global and runs 66 websites, will also receive an official warning and have conditions added to its license.
AML breaches related to the operator being unable to demonstrate that it had carried out appropriate due diligence checks on six third-party businesses it had entered into white-label partnerships with.
Additional license conditions set out specific action the licensee must take to ensure thorough due diligence checks are conducted.
All operators entering white-label partnerships are reminded of their obligations.