An international casino operator has agreed to improve their anti-money laundering processes, share lessons with the wider industry, and spend £845,000 on socially responsible purposes after failing to do enough to prevent money laundering.
The failures occurred at two of Caesars casinos in London – the Playboy Club London and the Empire Casino. The regulator the Gambling Commission said that all operators are advised to read the ten-page statement, Caesars Entertainment (UK) Ltd: Failures in anti-money laundering controls public statement for further details and lessons to be learned.
Nick Tofiluk, the former senior West Midlands Police man now Executive Director at the Birmingham-based regulator, said: “We hope the industry will learn the lessons from this case – it is their duty to put processes and policies in place to prevent money-laundering. If operators don’t put such processes and policies in place then they risk losing their operating licence.”
