April 27, 2016 BY Maria Nikolova
Gala Coral pays $1.2M over faults with AML, social responsibility controls
Failures to implement adequate anti-money laundering (AML) and social responsibility (SR) controls regarding a VIP customer, who stole money to fund his gambling, have cost Gala Coral £846,664 ($1.24 million). The UK Gambling Commission today posted a public statement regarding the case, saying there are lessons to be learned from it. Law enforcement agents notified…
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