Alongside the fine, Aspire Global will also receive an official warning from the Commission, as imposed by section 117(1)(a) of the Act, and have conditions added to its licence under section 117(1)(b).
An investigation revealed that Aspire had breached paragraphs 1 and 2 of licence condition 12.1.1, which outlines prevention measures for money laundering and terrorist financing.
Aspire Global will receive the penalty according to section 121(1) of the 2005 Gambling Act.
Aspire Global white-label failings
The Commission said that Aspire had not been able to demonstrate that it had carried out due diligence checks against six third-party businesses it had white-label partnerships with.
A white-label partnership is defined as when licensed operators run a gambling business using branding from another business.
Aspire Global white-label brands in Great Britain include Karamba, Betiton and Campeon.
In May, the Gambling Commission ordered two white-label providers to pay settlements worth a combined £675,000 for anti-money laundering and social responsibility failings.