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£4 million penalty for egaming company

A Braddan egaming firm has been slapped with a £4 million civil penalty after an inspection by the gambling regulator.

Celton Manx, based at the Isle of Man Business Park, couldn't show it had followed the rules over money laundering and terrorism financing.

The company surrendered its licence from the Gambling Supervision commission in May.

The GSC says the penalty was imposed after the firm recognised serious shortcomings in its operational and governance arrangements.

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