Gambling Commission Fines Greentube Alderney £1M for Regulatory Breaches
The UK Gambling Commission has imposed a £1 million ($1.23 million) fine on Greentube Alderney, the operator behind Admiral Casino, following an investigation that uncovered significant social responsibility and anti-money laundering (AML) failures.
Key Findings of the Investigation
The Gambling Commission’s probe revealed several areas where Greentube fell short of regulatory requirements:
Anti-Money Laundering Failures:
The company did not consistently scrutinise available customer information, resulting in delays in identifying and escalating risks related to money laundering and terrorist financing.
Risk assessments were not adequately conducted, and accounts with potential links to other accounts were not fully investigated.
Social Responsibility Lapses:
Greentube failed to ensure customer limits were based on regular and sustainable income.
It did not always verify the authenticity of customer documents.
Indicators of vulnerability or potential harm among customers were not consistently identified or addressed.
The fine will be allocated to socially responsible causes, underscoring the Commission’s commitment to ensuring gambling remains fair, safe, and crime-free.
A History of Non-Compliance
This is not the first time Greentube Alderney has faced penalties. In December 2021, the Gambling Commission also took action against the operator for similar social responsibility and AML failures.
Play Greentube Slots for Free on Our Website
Despite recent challenges, Greentube’s slot games remain a favorite among players worldwide. You can enjoy their exciting slots for free on our site, giving you a chance to experience their popular titles without spending a penny. Try them out today!
YellowPikmin Yes, I remember the Avengers slot... I caught such drifts there. I still regret that I did not take a screenshot, now you can't prove it.
AccurateShark28 And I bet on six different WTA matches – I won $180 with $10. But there are few days like this :)
thekidgamer52 PSG are really like a tank now. But finals are always nerves. Too often, the favorites fly from the "outsiders". I would take Inter with a handicap, the odds are good, the risk is justified.
Banditmask FILTH! There are simply no words. Forty pieces, so take and squeeze! Poor dude, I can imagine his condition.
CoreSleyes Dead or Alive 2 is still a legend. I have been playing it since 2019. There is still no feeling that it is outdated.
โปรทุนน้อย Slot Game Casino Online ยอดนิยมในไทย
Despite these issues, Greentube continues to offer some of the most enjoyable slot games. Glad to know we can still play their slots for free on this site!
Regulatory compliance is crucial for maintaining trust in the gambling industry. It’s concerning that this isn’t the first time Greentube Alderney has faced action for similar failings.
While it's disappointing to hear about these breaches, I appreciate that the funds from the fine will go to socially responsible causes. Hopefully, Greentube Alderney will take the necessary steps to prevent future violations.
This fine serves as a strong reminder that operators must prioritize social responsibility and anti-money laundering measures. It's good to see the Gambling Commission taking action to protect players and uphold industry standards.