{"id":168704,"date":"2021-03-26T13:09:37","date_gmt":"2021-03-26T20:09:37","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=168704"},"modified":"2021-03-26T15:43:01","modified_gmt":"2021-03-26T22:43:01","slug":"uk-gambling-commission-issues-online-casino-operator-6m-fine","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/","title":{"rendered":"UK Gambling Commission Issues Online Casino Operator \u00a36M Fine"},"content":{"rendered":"<p class=\"p1\">The UK Gambling Commission (UKGC) has fined online casino and sportsbook operator Casumo \u00a36 million (US$8.28 million) for social responsibility and anti-money laundering failures.<\/p>\n<figure id=\"attachment_168708\" aria-describedby=\"caption-attachment-168708\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-168708\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo.jpeg\" alt=\"Casumo UK Gambling Commission casino\" width=\"1200\" height=\"742\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo.jpeg 1200w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo-142x88.jpeg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo-1024x633.jpeg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo-80x50.jpeg 80w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo-768x475.jpeg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption  id=\"caption-attachment-168708\"class=\"text-description\">The Casumo logo is seen here. The UK Gambling Commission fined the iGaming giant based in Malta more than $8 million for regulatory shortcomings. (Image: Casumo)<\/figcaption><\/figure>\n<p class=\"p1\">Casumo is a Malta-based online gambling firm that offers internet slots, live table games, and sports betting. The company is licensed to operate remote gaming by the UKGC and Malta Gaming Authority.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">The Gambling Commission says Casumo failed on at least five occasions to intervene with customers who were losing large sums of money. UKGC regulations require iGaming operators to investigate a client&#8217;s bankroll when their activity may indicate problem gambling.<\/p>\n<div class=\"callout\">\n<p class=\"p1\">The UKGC says one customer lost more than $1.5 million over a three-year span without being subject to a responsible gambling check. Another lost nearly $90,000 in a single month without being contacted by Casumo responsible gaming agents, and a third person lost approximately $105,000 without being reviewed.<\/p>\n<\/div>\n<p class=\"p1\">The UKGC also cited seven examples of Casumo failing to adequately protect its online platform from being used to launder money.<\/p>\n<p class=\"p1\">&#8220;This case was brought about through planned compliance activity, and every operator out there should be aware that we will continue to take firm action against those who fail to raise standards,&#8221; declared UKGC Executive Director Richard Watson.<\/p>\n<p class=\"p1\">Casumo received its iGaming license from the UK in November of 2014. It received its sports betting permit in July of 2019.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<h2 class=\"p1\"><b>Casino Overhaul<\/b><\/h2>\n<p class=\"p1\">This is the second time the UKGC has handed down a large fine against Casumo. In 2018, the iGaming operator was penalized $8 million for similar regulatory shortcomings of breaching anti-money laundering measures and failing to check in on high-stakes gamblers.<\/p>\n<p class=\"p1\"><strong>Casumo says it has greatly improved its anti-money laundering and social responsibility protocols since 2018. But the 2020 COVID-19 year resulted in an influx of new customers, and some slipped through the cracks.<\/strong><\/p>\n<p class=\"p1\">Casumo CEO Shelly Suter-Hadad, who was appointed to the role in January 2020, maintains the firm is dedicated to protecting customers and preventing money laundering.<\/p>\n<h2 class=\"p1\"><b>UKGC Crackdown<\/b><\/h2>\n<p class=\"p1\">The UK Department for Digital, Culture, Media, and Sports is amid a far-reaching review of the <a href=\"https:\/\/www.casino.org\/news\/uk-gambling-commission-chief-neil-mcarthur-resigns\/\">2005 Gambling Act<\/a>. Gambling critics say more stringent oversight is needed, as they claim the industry is harming society.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n<p class=\"p1\">In the meantime, the UKGC continues to levy large fines on gaming operators found out of compliance of current mandates. Last year, the Commission delivered Caesars Entertainment a <a href=\"https:\/\/www.casino.org\/news\/caesars-entertainment-gets-record-13-million-fine-from-ukgc\/\">record \u00a313 million fine<\/a> for allowing known problem gamblers to lose at its UK casinos.<span class=\"Apple-converted-space\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK Gambling Commission (UKGC) has fined online casino and sportsbook operator Casumo \u00a36 million (US$8.28 million) for social responsibility and anti-money laundering failures. Casumo is a Malta-based online gambling firm that offers internet slots, live table games, and sports betting. The company is licensed to operate remote gaming by the UKGC and Malta Gaming [&hellip;]<\/p>\n","protected":false},"author":25,"featured_media":168708,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,13592],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UK Gambling Commission Issues Online Casino Operator \u00a36M Fine<\/title>\n<meta name=\"description\" content=\"The UK Gambling Commission has fined online casino operator Casumo \u00a36 million for social responsibility and anti-money laundering failures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK Gambling Commission Issues Online Casino Operator \u00a36M Fine\" \/>\n<meta property=\"og:description\" content=\"The UK Gambling Commission has fined online casino operator Casumo \u00a36 million for social responsibility and anti-money laundering failures.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-26T20:09:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-03-26T22:43:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O&#039;Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O&#039;Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/\",\"url\":\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/\",\"name\":\"UK Gambling Commission Issues Online Casino Operator \u00a36M Fine\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo.jpeg\",\"datePublished\":\"2021-03-26T20:09:37+00:00\",\"dateModified\":\"2021-03-26T22:43:01+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"The UK Gambling Commission has fined online casino operator Casumo \u00a36 million for social responsibility and anti-money laundering failures.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo.jpeg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/03\/casumo.jpeg\",\"width\":1200,\"height\":742,\"caption\":\"The Casumo logo is seen here. The UK Gambling Commission fined the iGaming giant based in Malta more than $8 million for regulatory shortcomings. 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Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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The UK Gambling Commission fined the iGaming giant based in Malta more than $8 million for regulatory shortcomings. (Image: Casumo)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/uk-gambling-commission-issues-online-casino-operator-6m-fine\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Regulation","item":"https:\/\/www.casino.org\/news\/regulation\/"},{"@type":"ListItem","position":3,"name":"UK Gambling Commission Issues Online Casino Operator \u00a36M Fine"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. 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