Operator found in breach of anti-money laundering and social responsibility regulations

“An investigation by the Gambling Commission has found that William Hill Group International Ltd (WHG) had significant shortcomings in its anti-money laundering and social responsibility controls.

The commission advises in its public statement regarding the regulatory settlement that it “…found that WHG’s failure to follow processes resulted in at least ten customers being able to use stolen money, or money that may be the proceeds of crime, to gamble in various periods between November 2014 and June 2017. The investigation established that the source of the customers’ funds included substantial thefts from employers following breaches of trust, fraud offences involving elderly victims, and money laundering offences.”

WHG will pay a penalty of at least £5 million for the breach of the regulations and will also give up the £1.2 million that was earned from the transactions found to be at fault. The company will also have to appoint external auditors to review its policies regarding anti-money laundering and social responsibility.

For further information on this or any other legal related gambling issues contact solicitor Richard Bradley 0115 953 8500.