Key points:
- Provider Celton Manx has been fined £3.9m by the Isle of Man’s GSC
- This comes following an investigation which uncovered a range of systemic AML issues
- The company has also had its licensure revoked by the regulatory body
Supplier Celton Manx has been subject to a £3.9m ($5.32m) fine from the Isle of Man’s Gambling Supervision Commission (GSC), with the regulator also revoking the company’s licence for multiple anti-money laundering breaches.
Following an investigation into the Celton Manx that began in October 2024, the regulatory body uncovered a multitude of legislative failings at the company – some of which have deemed to be “systemic in nature.”
More specifically, inadequate customer monitoring techniques pertaining to the supplier's Network Services Model, as well as a lack of enhanced due diligence checks, identity checks and record keeping issues were all flagged by the investigation – among other issues.
Subsequently, on 29 May 2025, Celton Manx was stripped of its licensure by the Isle of Man GSC and issued a fine of £5.6m, which was later discounted by 30% to the sum of £3.9m since the legislative breaches were admitted to by the company – whose senior executives were highly compliant with the investigative action.
As part of its official statement, the regulator remarked: “The Commission is satisfied that the imposition of the Civil Penalty on Celton Manx reflects the serious nature of the identified non-compliance and the issues and risks identified.
“It was further noted that Celton Manx acknowledged the serious shortcomings in its operational and governance arrangements at an early stage of the Commission’s investigation and thereupon had entered into settlement discussions with the Commission and sought to resolve matters expeditiously.”
Good to know: The GSC announced in May that it would be enhancing its information sharing framework
Indeed, this latest update follows a period of executive change at the Isle of Man’s regulatory body, which began in January with the appointment of new CEO, Mark Rutherford.
Following on from this, in April, the regulator also appointed a new Deputy CEO and – most recently – a new Chairman in May.
