Regulatory penalties

Regulatory penalties refer to the fines or sanctions imposed by governing bodies on online casinos and gambling establishments for non-compliance with established regulations and standards. These penalties are instituted to ensure that operators adhere to laws designed to protect consumers, maintain fair play, and uphold the integrity of the gambling industry. Common reasons for regulatory penalties include failure to verify the identity of players, inadequate measures to prevent money laundering, or breaching advertising standards. The severity of these penalties can range from monetary fines to suspension or revocation of operating licenses, depending on the nature and extent of the violation.