Egaming firm hit with £70,000 penalty by regulator

A company's been hit with a £70,000 civil penalty after failings in its anti-money laundering regime.

Egaming firm SK IOM was inspected by the Gambling Supervision Commission last July, and the regulator says it found a number of breaches of its anti-money laundering code.

It imposed a total penalty of £100,000 on the Douglas company.

However, the penalty was discounted because SK IOM took immediate action and cooperated with the commission.