Ireland: Boylesports fined £2.8m over money-laundering risk assessment

Irish bookmaker Boylesports must pay a £2.8 million sterling (€3.14m) fine and abide by tougher conditions added to its licence, following an investigation by British regulators.

Boylesports offers online betting to UK customers through a company called Boylesports Enterprise, which is licensed by that jurisdiction’s regulator, the Gambling Commission.

Following an investigation that found the company failed to have appropriate money laundering risk assessment, the commission fined Boylesports Enterprise £2.8 million and added conditions to its licence.

The British regulator said that during the investigation, Boylesports Enterprise was found to have breached commission rules aimed at preventing money laundering on its Boylesports.com and Boylecasino. com websites.

The original full article can be found at irishtimes.com

(Photo: Cyril Byrne)

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