BoyleSports Fined £2.8m by Gambling Commission

Best Online Casino Sites Malaysia, Best Betting Sites Malaysia, Best Online Betting Sites Malaysia, Best Sports Betting Sites Malaysia

Sports betting operator BoyleSports has been fined £2.8m ($3.7m) by the Gambling Commission for a series of anti-money laundering (AML) failures.

An investigation into the Boylesports.com and Boylecasino.com websites, found the operator’s AML policies were unsuitable and could not be implanted effectively.

As a result, the Gambling Commission has imposed a number of stricter licensing conditions on BoyleSports.

The operator must now appoint a qualified Money Laundering Reporting Officer to ensure its AML practices are efficient.  All senior management and other staff must also undertake AML training.

In addition to the tougher license conditions, BoyleSports is subject o a fine of £2.8m as part of its official warning.

Commenting on the decision, Richard Watson, executive director of the Gambling Commission, said: “It is vital that all gambling businesses have effective anti-money laundering policies and procedures firmly in place and as part of our ongoing drive to raise standards we will continue to take tough action against operators who do not.”

This is not the first disciplinary action taken by the Commission this month. The Gambling Commission also revoked the license of Silverbond Enterprises, owner of the Park Lane Casino in London, due to a change in control within the company.

The regulatory body said it would not have granted the operator its license had the new controller been in charge when its application was made.

Top-rated Sites
BK8 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
BK8

BK8 is one of Asia’s leading online gaming platform, offering Sports Betting, Live Casino, Poker, Slots, E-Sports, and Lottery. BK8 was voted as the Best Online Casino in Asia in 2017.

W88 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
W88

W88 is the main sponsor of Crystal Palace FC in the English Premier League. W88 is known for trustworthiness, generous bonuses and wide range of markets with competitive odds

M88 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
M88

M88 or Mansion88 is among the famous betting companies in Asia, having partnered with several EPL teams as well as Spanish La Liga & Badminton World Federation (BWF).

UEA8 | Best Betting Site Malaysia | Online Betting Site Malaysia | Best online sport betting site Malaysia
UEA8

UEA8 is fast catching up as Southeast Asia best online betting site with plenty of game selections to choose from such as Sports Betting, Live Casino, Slots, E-Sports, Lottery.