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The Netherlands gambling authority, known as Kansspelautoriteit (KSA), has issued a notice to TOTO Online for “violating the Prevention of Money Laundering and Terrorist Financing Act.”
The regulator says the company has fallen short in the ongoing control of business relationships and their transactions, which are supposed to take place after the first client investigation.
“The statement states, among other things, that TOTO Online in certain cases does not sufficiently clearly record why new facts or events do not lead to an adjustment of the risk classifications of clients and why it takes certain management measures. Also, the investigation into the origin of players’ money is not sufficient,” the KSA says in a translated news release.
TOTO Online cooperated during the investigation, the KSA says
According to the gambling authority, gambling providers are required to monitor gambling behavior and investigate it if necessary, such as when suddenly depositing large amounts. The regulator has a Wwft Guideline published on the website, which points out risks like high deposits, even when they come from the player’s own bank account.
TOTO Online is described as having cooperated during the investigation, and some of the violations that were originally found ended before the instruction was made. They now have to terminate the violations within six months, and after this period has ended, the KSA will carry out a re-audit.
The news release was published on December 24, with the regulator having also shared details of a separate incident just a few days prior (December 22) about LeoVegas. It was then that the gaming authority announced it had imposed a fine on LeoVegas because it didn’t sufficiently comply with the duty of care between the period of October 2023 and May 2024.
As a result, a €500,000 fine was imposed, following the KSA having requested several players’ files from the company and finding that they referred to non-compliance with the duty of care.
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Crown Coins Casino is expanding its game library in what they describe to be a ‘strategic move,’ as they aim to “stay ahead of its peers in industry trends.”
The company says it has no intention of stopping its expansion, explaining how the popularity of slot games amongst American players means they need “to have a variety of them to eliminate any possibility of monotony while engaging in any of them.”
An emphasis on diversity has been prioritised in its new range of games, with themes and mechanics designed to cater to the range of player preferences prevalent in the country.
The new games span adventure-themed slots, classic fruit machines, and feature-rich video games. “To support its bid for innovation and variety, Crown Coins Casino has partnered with reputable game developers. By doing so, the casino not only ensures a consistent addition of slots but also the quality of the games,” the company explains in its announcement.
Developers like Pragmatic Play, Playtech, and Ruby Play have been listed as having worked on the new releases.
Crown Coins Casino highlights growing interest in mobile play
The focus hasn’t just been on introducing the new range, but also making improvements to ensure the platform is optimized for mobile play. According to Crown Coins Casino, there is a growing preference for using mobile devices to access online slot sites in the United States.
“It has also been noted that its mobile optimization goes beyond just accessing the slot site on mobile devices. The reason for saying this is that the casino has measures in place to ensure that each game loads quickly, the platform adapts to various screen sizes, and maintains high visual quality across devices. As such, every maneuver made via mobile devices is seamless and easy for players of all experience levels.”
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