UKGC fines Silverbond Enterprises

(PRESS RELEASE) -- A land-based casino has received a £1.8 million fine and an operator license warning, and has had additional conditions added to its license for social responsibility and money laundering failings.

Silverbond Enterprises Limited received the penalties following a Gambling Commission investigation into its Park Lane Club London in Mayfair.

Social responsibility failings included not recognizing the indicators of potential problem gambling such as a customer displaying violent behavior which included threatening staff and damaging of property, a customer asking for his winnings to be transferred to his personal bank account to prevent him playing further, and a customer of the casino asking to increase the maximum amount that could be deposited by check.

Money laundering failings included the operator’s compliance procedures not detailing how anti-money laundering policies were to be implemented and failing to carry out enhanced due diligence on 61 customers.

Two personal management licence holders at Park Lane Club have also received formal warnings and informed they must improve their record on protecting players and preventing money laundering.