Holland Casino publicly reprimanded for money-laundering compliance failures
Holland Casino receives public indication for insufficient compliance with money-laundering prevention law.
In 2019, the Dutch Gaming Authority (KSA) issued an indication to Holland Casino for failing to comply with certain requirements of the Law on the Prevention of Money Laundering and Financing of Terrorism (WWFT).
The KSA’s investigation found that Holland Casino did not adequately monitor player behaviour or the sources of the funds used for gambling. Compliance with these measures is mandated by the WWFT.
As a result, the KSA ordered Holland Casino to address these issues within specified deadlines, which the casino met.
The indication and the decision on Holland Casino’s objection have now been made public, following a ruling by the Board of Appeal for Business (CBB) on 26 March 2024.
The CBB’s decision made the indication irrevocable. While the indication and the decision on the objection are publicly disclosed, certain parts based on the appeal grounds have been redacted. The disclosure decision itself remains confidential under WWFT obligations.
The publication of this indication reportedly serves several purposes. It aims to inform the public about the enforcement actions taken by the KSA and the underlying reasons. It also aims to serve as a notice to other providers about behaviours that can trigger regulatory enforcement, potentially deterring similar non-compliance.
Earlier this month, the KSA issued a warning to an online licensee for violating the ban on untargeted TV advertising for online gambling. This ban, effective since July 2023, aims to protect vulnerable groups from gambling promotions.
Additionally this month, Holland Casino announced the appointment of Hans van Slooten as the new Director of Operations. Van Slooten, who has been with the company for three years, will succeed Noël Leise, who has had a nearly 40-year career at Holland Casino.
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