ProgressPlay pays UK£1m for gambling ML risk and source of funds check failings

Operator of 134 websites, ProgressPlay Limited has been ordered to pay UK£1m (US$1.4m) by the UK Gambling Commission for lack of rigour in its assessment of money laundering and terrorist financing risk, and for not putting in place adequate controls accordingly.

Operator of 134 websites, ProgressPlay Limited (PPL) has been ordered to pay UK£1m (US$1.4m) by the UK Gambling Commission (GC) for lack of rigour in its assessment of money laundering and terrorist financing risk, and for not putting in place adequate controls accordingly.