Evolution UK gambling AML and due-diligence settlement
Company: Evolution AB
Summary
The UK Gambling Commission identified weaknesses in Evolution Malta Holding Limited's anti-money-laundering and terrorist-financing risk assessment, customer due diligence and controls after genuine Evolution games were found accessible through unlicensed gambling websites in Great Britain. Evolution agreed to a £4.75 million regulatory settlement, an independent audit and an additional licence condition. Source: https://www.gamblingcommission.gov.uk/news/article/evolution-malta-holding-limited-to-pay-gbp4-75m