Playing firm In Contact Video games fined £6.1m for ‘social accountability and cash laundering failings’ | Enterprise Information

Playing agency In Contact Video games has been fined hundreds of thousands by a regulator for “social accountability and cash laundering failings”.

The Playing Fee mentioned the corporate, which operates a lot of on-line websites together with bonusboss.co.uk, had been slapped with a £6.1m penalty – its third positive associated to oversight failures.

The problems at In Contact Video games, the watchdog mentioned, included not having applicable insurance policies, procedures and controls in place and never sufficiently contemplating or implementing the regulator’s cash laundering and terrorist financing threat evaluation or steering.

It additionally accused the agency of not appearing in prospects’ finest pursuits.

The fee cited an instance, saying In Contact had not interacted with a buyer till seven weeks after they’d been flagged for erratic and prolonged play.

It mentioned a buyer’s phrase that they earned £6,000 a month had been accepted with out verification till they have been flagged for playing throughout unsociable hours.

It’s the third time the corporate, whose manufacturers additionally embrace cashmo.co.uk, drslot.co.uk, jammymonkey.com and slotfactory.com, has been penalised.

In 2019 it paid a £2.2m settlement for failures and in 2021 it obtained a £3.4m positive and warning for additional failures.

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The corporate was but to remark.

However Kay Roberts, government director of operations on the Playing Fee, mentioned: “Contemplating this operator’s historical past of failings we anticipated to see vital enchancment once we carried out our deliberate compliance evaluation.

“Disappointingly, though many enhancements had been made, there was nonetheless extra to do.

“This £6.1m positive exhibits that we’ll take escalating enforcement motion the place failures are repeated and all licensees must be conscious about this.”