The UK Gambling Commission (UKGC) has charged SkillOnNet £305,150 ($378,791) for anti-money laundering (AML) and social responsibility failings. This payment is “in lieu of a financial penalty” and the funds will go towards socially responsible causes.
SkillOnNet operates 50 gambling websites, with many of them white-label operations. Its online casino brands include Genting Casino and PlayOjo.
The UKGC confirmed that the company’s breaches took place between January 2021 and December 2022. SKillOnNet failed to carry out sufficient AML risk assessments and its safe gambling policies were also found wanting.
As well as the voluntary payment, SkillOnNet will also conduct an independent third-party audit of its safer gambling and AML policies within 12 months. The UKGC acknowledged that the company quickly rectified the deficiencies and accepted the failings “in a timely manner.”