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Fight against money laundering: A Betsson subsidiary fined £0.7 million

26/12/2024
Source : ORISHAS FINANCE
Categories: Compliance

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The Isle of Man Gambling Supervision Commission, a regulatory body for the gambling industry in the Isle of Man, has fined the Paris Betsson subsidiary company a 700,000 pound sterling fine.

The Betsson subsidiary follows an extensive review that the company had violated a number of established guidelines and regulations. In particular, shortcomings are observed in policies, procedures and operational frameworks, and in particular in compliance with anti-money laundering and anti-terrorist financing rules.

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