Greentube Alderney, which operates the Admiral Casino brand, breached AML rules for the reported period of September 2022 to June 2023.
The Commission deemed that Greentube had failed to properly scrutinise information, causing delays in identifying and escalating money laundering or terrorism financing risks. It also ignored its own policies on “risky occupations”, such as failing to flag a customer’s role as a finance manager, which could suggest access to misappropriated or laundered funds.
The company did not act promptly to investigate and escalate suspicious accounts. In one case, it overlooked an account linked to another customer with the same address and surname, who had a conviction for supplying Class A drugs.
John Pierce, the Commission’s Director of Enforcement, said this penalty follows a compliance assessme..