Gambling Commission fines Videoslots Limited £650,000 for AML and social responsibility failures
The Gambling Commission has fined Videoslots Limited £650,000 following an investigation that uncovered Anti-Money Laundering (AML) and social responsibility breaches. The operator, responsible for videoslots.co.uk, mrvegas.com, and megariches.com, is also mandated to undergo an independent third-party audit. Key failures included ineffective deposit limit monitoring, which allowed customers to exceed the £3,000 monthly limit and lose up to £7,500, as well as inadequate AML controls. These shortcomings involved an over-reliance on algorithms that failed to detect high-risk activity, such as the use of digital pre-payment vouchers valued at more than £75,000.