The KSA has issued an AML warning to Vbet (SCGO Limited)

SCGO Limited said it remains focused on providing a secure and well-controlled operating environment after the Dutch gambling regulator reviewed the company’s Vbet activities in the Netherlands. By the way, earlier this week we already reported that the KSA fined LeoVegas €500,000 for responsible gambling breaches.

Following an investigation completed in April 2025, the Kansspelautoriteit (KSA) issued a warning to Vbet over shortcomings linked to the country’s anti-money laundering and counter-terrorist financing rules under the WWFT. While the regulator chose not to impose a fine, it underlined that the issues identified during the review were treated as a matter of importance.

Findings of the KSA investigation

The KSA said its review showed that Vbet had fallen short when carrying out a group-level risk assessment. Regulators found that key risks were not clearly defined or fully understood, and that internal documents lacked proper version control. Because of this, the authority explained it could not clearly see how risks had been evaluated, whether the safeguards in place were working as intended, or if those risks were still current at the time of the investigation.

The regulator added that these weaknesses made it difficult to properly assess Vbet’s overall AML setup and raised questions about how clear and consistent the company’s internal compliance procedures really were.

Required improvements and next steps

The KSA outlined several areas where improvements were required. These included stronger monitoring of player transactions, aligning internal policies and procedures with current regulatory standards, and properly documenting individual customer risk profiles within client files. The authority stressed that these measures are essential for ensuring a reliable and effective AML system in the Dutch gambling market.

Despite the identified deficiencies, the KSA acknowledged Vbet’s cooperative approach during the investigation. The regulator confirmed that the operator had proactively prepared a remediation plan before the review was concluded and stated that it would continue to follow its recommendations and monitor progress.

SCGO Limited echoed this position in comments provided to iGaming Expert. A company representative said that Vbet fully supports the objectives of the Dutch licensing regime and remains committed to active cooperation with the KSA to ensure a secure and compliant operating environment.

The spokesperson added that the issues highlighted during the review have already been addressed, describing the process as an opportunity to further strengthen the company’s compliance structure and overall operations. SCGO Limited also expressed confidence that the steps taken would meet the regulator’s expectations and reinforce its long-term commitment to responsible and lawful gambling.

The company also praised the constructive dialogue maintained with the KSA throughout the investigation, noting that the regulator’s recognition of Vbet’s early remediation efforts reflected a pragmatic and forward-looking approach to supervision.