Kindred accepts £1.6m Gambling Commission fine for Platinum Gaming failures

By Matthew Enderby

Platinum Gaming has been fined £1.6m ($2m) by the Gambling Commission for social responsibility and money laundering failures.

Owned by Kindred Group, Platinum Gaming provides the license for Unibet’s operations.

The Gambling Commission launched an investigation after receiving reports a convicted fraudster spent £629,420 of stolen money with Platinum Gaming.

The Commission’s enquiries revealed the customer’s deposits were so high and losses so significant Platinum Gaming should have considered refusing or barring service. They also showed the operator failed to enquire about the customer's source of funds.

Gamesys was recently fined £1.2m for similar offences.

Kindred Group acknowledged and accepted the punishment and said it deeply regrets the incident.

A statement from the operator read: "As a group, we monitor, act on and report all suspicious behaviour we detect, which was done in this specific case. However, in this specific case we did not act quickly enough.

"Kindred’s processes and procedures, along with the number of reported cases, are documented in the Group’s 2018 Sustainability Report."

Richard Watson, Gambling Commission Executive Director, said: "There were weaknesses in Platinum Gaming’s systems and as a consequence, more than half a million pounds of stolen money flowed through the business.

"This is not acceptable and I would urge all operators to carefully read this case and learn lessons so they don’t make the same mistakes."


Share This Post


More News

Leading land-based supplier Aristocrat will sponsor the Digital Industry Supplier of the Year category at the Global Gaming Awards Las Vegas 2020. The provider, which generated operating revenue of $1.47bn for H1...

Nick Nally, Managing Director – Americas, Continent 8, takes stock and reflects on US opportunities and cyber threats. This article was originally published in the May/June edition of Gambling Insider magazine. The current...