William Hill fined £6.2m for lax controls

From BBC - February 19, 2018

Betting firm William Hill has been hit with a 6.2m penalty package for breaching anti-money laundering and social responsibility regulations.

The Gambling Commission said the company did not do enough to ensure prevention measures were effective.

As a result 10 customers were able to deposit money linked to criminal offences and William Hill gained 1.2m.

The company was found to have not done enough to determine the source of the money or if they were problem gamblers.

In a statement, the Gambling Commission said William Hill's senior management "failed to mitigate risks and have sufficient numbers of staff to ensure their anti money laundering and social responsibility processes were effective".

A Gambling Commission investigation covered the period between November 2014 and August 2016.

William Hill will pay more than 5m for breaching the regulations and "divest themselves of the 1.2m they earned from transactions with the 10 customers", the Commission said.


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