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25 August 2022
Gambling business Spreadex Limited is to pay £1.36 million after a Gambling Commission investigation revealed social responsibility and anti-money laundering failures.
The operator – which runs spreadex.com – will pay the money to socially responsible causes as part of a settlement with the Commission.
Leanne Oxley, Gambling Commission Director of Enforcement and Intelligence, said:
“Whilst it is disappointing to see anti-money laundering and social responsibility breaches occur despite our extensive published cases highlighting similar failures, we note the swift and robust action the Licensee took to bring itself back to compliance. We expect similar commitment and engagement across the gambling sector.”
Social responsibility failures included:
Anti-money laundering failures included:
Details of the failings of Spreadex Limited can be read in the public statement.
Published: 25 August 2022
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Last updated: 25 August 2022
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