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. 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. 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.
