Unibet has been issued an official instruction from the Dutch Gaming Authority (KSA) for violating the Money Laundering and Terrorist Financing act. Of the policies stated in the instruction, transaction monitoring and control measure guidelines were not carried out fully by Unibet.
The financial thresholds and specifically when a player is assigned a high AML (Anti-money laundering) risk should warrant an investigation into the player’s source of funds.
The KSA has been diligent in supervising compliance and regulation and previously penalised Unibet for duty of care failures that occurred in 2022-2024; this resulted in a €4m ($4.65m) fine for the operator.
An additional fine in the sum of £10m ($13.4m) was also given to the operator of Unibet.co.uk (Platinum Gaming Limited) by the Gambling Commission. Multiple lack of social responsibilities and anti-money laundering failures were discovered and became one of the largest fines ever recorded.
Recognising unusual behaviour is crucial to protecting the financial system and legal regulation of the sector and the KSA is continuously conducting in-depth monitoring of this.
The KSA pointed out other precautions and guidelines in its Wwft Guidelines which outlines the risk of high deposits, even when it comes from the player’s bank account.
The Gaming Authority has urged other gaming providers to monitor the behaviour of their players, be aware of any potential AML signs and match-fixing. It also provided clarity and further information regarding player costs recently.
Some violations have already ended since the investigation
