UK's Gambling Commission fines online operators

Britain's Gambling Commission has hit online operators 32Red and Platinum Gaming with a £7.1m penalty due to social responsibility and anti-money laundering failures.

The regulator said 32Red and Platinum Gaming, owned by Kindred Group, had failed to interact with customers in a way that would minimise the risks harms associated with gambling"

According to the Gambling Commission, financial triggers for anti-money laundering reviews at 32Red were too high and were not appropriate to effectively manage money laundering and terrorist financing risks. Platinum's policies were also found unsuitable.

32Red, which runs 32red.com, will pay a £4.2m fine, while Platinum Gaming, which runs unibet.co.uk, will be forced to hand over £2.9m.

As of 0935 GMT, Kindred shares were down 2.13% at SEK 110.15.

Reporting by Iain Gilbert at Sharecast.com