TonyBet Fined £442,750

The UK Gaming Commission (UKGC) shows no sign of slowing down as it issues another big fine to another online gambling provider. This time around it’s the turn of Betsson AB-owned online casino and sportsbook brand TonyBet, who must pay the authorities £442,750 for failing to implement “fair and transparent terms” on its website.  

“Not only does this case illustrate our drive to clamp down on anti-money laundering and social responsibility failures, but also highlights action we will take against gambling businesses who fail to be fair and open with customers,” the UKGC remarks.

Further UKGC Charges

TonyBet is not only facing a fine from the British authorities – it also needs to start performing extra requirements if it wants to continue operating in the country. In fact, the UKGC says TonyBet has to go through a third-party audit in order to assess whether it is implementing effective anti-money laundering (AML) and social responsibility requirements. 

On the money laundering side, the betting operator must request identification documents for “all withdrawals,” or winnings from customers who fail to provide AML documentation within 30 days could end up confiscated. In addition, accounts should be considered dormant after six months of inactivity, as opposed to twelve. 

As for social responsibility, the UKGC accuses TonyBet of failing to identify customers who may be at risk of harm associated with gambling, not to mention not interacting with customers considered at risk of problem gambling.  

TonyBet is one of Betsson AB’s most popular global brands. It was founded and officially launched back in 2011, and is currently based in Estonia. 

Casino Analyst
With over five years of experience in casino writing and slots research within the UK market, Marco explores online casinos looking for innovative games. He strives to offer valuable insights and guiding players find the best casino experience.

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