SCGO Limited has stated it is committed to the “safest possible operating environment” following a recent inquiry by the Dutch gambling authority into its Vbet operations in the Netherlands.
Kansspelautoriteit (KSA) has issued a warning to Vbet following an April 2025 investigation that highlighted shortcomings in the area of the Money Laundering and Terrorist Financing (Prevention) Act (Wwft).
The investigation found that Vbet was “not adequately implementing its company-wide risk assessment”, according to the KSA, and that “no insight into the gross risks identified by Vbet and lacks version control”.
As a result, the Financial Supervision Authority was unable to evaluate how risks identified in the risk assessment “have been assessed, whether the control measures are effective and whether the risks are current”.
Other areas cited by the KSA to improve AML included “monitoring player transactions, aligning established policies and procedures, and recording the risk profile in client files”.
However, the regulator noted that Vbet was cooperative and proactively developed a recovery plan, adding that it would follow its recommendations. These statements were also echoed by the operator.
“Vbet fully supports the licensing objectives of the Netherlands and remains committed to working proactively with the KSA to ensure the safest possible operating environment,” a SCGO spokesperson told iGaming Expert.
“The matters identified during the review have already been addressed and we used this process as an opportunity to further strengthen our compliance and operational framework as a whole.
“We are confident that the measures implemented will fully satisfy the KSA’s expectations and reinforce our long-term commitment to responsible and compliant operations.
“Vbet appreciates the constructive and cooperative engagement from the KSA throughout the investigation, as reflected in the acknowledgement that we worked proactively on a recovery plan.”
