The UK Gambling Commission has handed operator Star Racing a £594,000 penalty over anti-money laundering and social responsibility failures.

The regulator said that between March 2020 and May 2021, the company, trading as Star Sports, was found to have ineffective policies, procedures and controls in place.

The UKGC said Star Sports allowed customers to deposit large sums before obtaining source of funds information, adding that it failed to then analyse this information once acquired.

“Social responsibility failures included not demonstrating an understanding of the impact and effectiveness of customer interactions in terms of the minimisation of customer risk,” the Gambling Commission said.

https://www.intergameonline.com/igaming/news/uk-gambling-commission-issues-594000-penalty