Greentube Fined by UK Gambling Commission for Breaching License Conditions

Yet another operator fined for putting customers at risk

by - Friday, December 3rd, 2021 8:00

UK Gambling Commission Fines

Online gambling operator Greentube Alderney has been fined £685,000 (€806,271) by the UK Gambling Commission – (the regulator in charge of legal online casinos and sportsbetting in the UK) – following an investigation that uncovered money laundering and social responsibility failures.

The company — owner of and — must now undergo independent auditing following the failures which represent a breach of the conditions of its gambling license.

The incidents in question occurred from December 2019 until November 2020 and included:

  • Failure to communicate with customers who may be at risk of gambling harms
  • Failure to implement correct money laundering protocols and identify risks
  • Failure to inform the UKGC of an event that may have impacted the company’s ability to adhere to licensing conditions

Speaking of the move to sanction Greentube, Helen Venn, Commission Executive Director, said:

“Compliance with Commission rules aimed at keeping people safe and gambling crime free is not optional. We will always take firm action against those operators who fail to meet the high standards we expect for consumers in Britain.”

The company must also pay £8,789.86 towards the cost of the Commission’s investigation.

Ciaran McEneaney

Based in Galway, Ireland, Ciaran has over a decade of experience writing for some of the biggest names in the sports-betting, gambling, poker & casino industries.

  • Connect with us on LinkedIn
  • Connect with us on Twitter