SCGO Limited says shortcomings identified by Kansspelautoriteit have been addressed as part of a broader effort to strengthen risk management and safeguards
SCGO Limited has reaffirmed its commitment to providing what it described as the “safest operating environment” possible after the Dutch gambling regulator issued a formal warning relating to its Vbet operations in the Netherlands. The warning follows an investigation by the Kansspelautoriteit (KSA) that identified a number of deficiencies in the operator’s compliance with anti-money laundering and counter-terrorist financing requirements.
The inquiry, conducted in April 2025, focused on Vbet’s adherence to the Money Laundering and Terrorist Financing (Prevention) Act (Wwft). According to the KSA, the investigation revealed weaknesses in how the operator was implementing its company-wide risk assessment framework. In particular, the regulator found that Vbet had not sufficiently documented its gross risk assessments and lacked proper version control, limiting transparency and traceability.
As a result of these shortcomings, the Financial Supervision Authority was unable to fully assess how identified risks had been evaluated, whether the mitigation measures in place were effective, or whether the risk assessments reflected current operational realities. The KSA also highlighted several additional areas requiring improvement, including the monitoring of player transactions, alignment between internal policies and procedures, and more comprehensive documentation of customer risk profiles within client files.
Despite these findings, the regulator acknowledged Vbet’s cooperative approach throughout the investigation. The KSA noted that the operator engaged constructively with the review process and proactively developed a recovery plan to address the identified issues. The authority confirmed that it will continue to monitor Vbet’s progress as the recommended measures are implemented.
SCGO Limited echoed this sentiment in a statement, stressing that the review had been used as an opportunity to strengthen its overall compliance and operational framework. A spokesperson for the company said Vbet fully supports the Netherlands’ licensing objectives and remains committed to close collaboration with the KSA.
“The matters identified during the review have already been addressed, and we used this process to further enhance our compliance structures,” the spokesperson said. They added that the company is confident the steps taken will meet the regulator’s expectations and reinforce its long-term commitment to responsible and compliant operations.
Vbet also expressed appreciation for the regulator’s constructive engagement during the investigation, noting that the KSA’s acknowledgement of its proactive recovery plan reflects a cooperative regulatory relationship.
The case highlights the ongoing scrutiny faced by licensed operators in the Netherlands, where regulators continue to place strong emphasis on robust AML controls, risk assessment processes and effective player monitoring as the market matures under its regulated framework.
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