Mr. Green Online Casino fined £3,000,000 over problem gambling, and money laundering.

They were happy enough to accept that a £176k win 10 years ago was significant enough evidence for source of funds for a large punter who has lost over £1M

“Consumers in Britain have the right to know that there are checks and balances in place which will help keep them safe and ensure gambling is crime-free – and we will continue to crack down on operators who fail in this area.” 

Mr. Green Online Casino fined £3,000,000 over problem gambling, and money laundering 

They were happy enough to accept that a £176k win 10 years ago was significant enough evidence for source of funds for a punter who lost over £1M. 

Mr. Green Online Casino, owned by online gambling giant William Hill, have been fined £3M having failed to take the necessary precautions to stop money laundering and problem gambling.  

Mr. Green is not the only online gambling company to have been fined, in fact they’re the ninth gambling firm to be sanctioned since 2018, with firms paying out just over £20M in fines.  

The online gambling commission criticized Mr Green for a series of wrongdoings of its gambling license, including failure to perform any checks on a big winning player who won more than £50k; the customer proceeded to lose back the large online gaming win, and go on to deposit thousands more.  

Not only that, according to reports, they were happy enough to accept that a £176k win from 10 years ago was significant enough evidence for source of funds, for a player who had lost over £1M; on another occasion, it was said that they accepted screenshots of a cryptocurrency account as adequate proof of source of funds. 

The online gaming industry has seen changes to regulations in the last few years; according to gaming industry experts, regulation now requires the industry to personally contact large depositing players to ask if they are ‘comfortable’ with potential loss. The same player will also be asked to prove ‘source of funds’, that is provide details of how the money was obtained. Without this information, player accounts would be closed and reported.  

Richard Watson, the Executive Director of Gambling Commission, said: “Our investigation uncovered systemic failings in respect of both Mr Green’s social responsibility and anti-money laundering controls which affected a significant number of customers across its online casinos.  

“Consumers in Britain have the right to know that there are checks and balances in place which will help keep them safe and ensure gambling is crime-free – and we will continue to crack down on operators who fail in this area.”  

As mentioned earlier, Mr Green’s £3M fine is not the only significant sum paid; other online gambling firms, such as 888, Ladbrokes, Coral, Skybet and Paddy Power, have all had to shell out in the last two years – the gambling industry’s trade body is certainly ensuring that UK standards are the “highest in the world”. 

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