According to the Gambling Authority, Betend has failed to get its affairs in order since then.
In mid-2022, the Gambling Authority issued a blanket warning to all online gambling providers, alerting them to the rules around preventing money laundering and terrorist financing. Betent was also “lax” in asking where customers’ money came from and failed to report many suspicious transactions. The company only started screening customers after they had already gambled large amounts. The companies also have to report suspicious transactions.Īccording to the Gambling Authority, Betend failed to do this between December 2022 and May 2023. That is to prevent criminals from laundering their illegally obtained gains through gambling sites. That bang is caused, in part, by a 20 no deposit bonus backed up by a 1,000 first deposit match.
Having previously built up a reputation for excellence in New Jersey, this online casino operator entered the Keystone State with a bang. According to the Gambling Authority, the company did not make sufficient improvements after a previous warning.īy Dutch law, gambling sites must investigate their customers to determine their identity and where the money they’re gambling is coming from. Borgata joined the Pennsylvania online casino market in January 2023. The Dutch Gambling Authority fined Betend, the company behind the gambling site BetCity, 3 million euros because it does not do enough to prevent money laundering.
