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.

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