Gambling Commission Hits Aspire Global with Fine for AML Failures

The UK Gambling Commission (UKGC) has hit AG Communications with a fine of £237,600 for failures towards Anti Money Laundering. AG Communications are known as Aspire Global and operates some 66 gambling websites.

Below is the full statement from the UKGC

Gambling operator AG Communications will pay a £237,600 penalty for anti-money laundering (AML) failures.

The operator – which trades as Aspire Global and runs 66 websites – will also receive an official warning and have conditions added to its licence.

AML breaches related to the operator being unable to demonstrate that it had carried out appropriate due diligence checks on six third party businesses it had entered into white-label partnerships with.

Additional licence conditions set out specific action the licensee must take to ensure thorough due diligence checks are conducted.

All operators entering white-label partnerships are reminded of their obligations.

Read AG Communications’ full penalty including additional licence condition wording.