Published: 20 February 2018 by Richard Bradley
“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.
Further Gambling Regulation Consultations Published
The Gambling Commission launches new set of consultations on proposals from the Gambling Act Review White Paper
Safer Gambling week 2023
Poppleston Allen are proud supporters of Safer Gambling week (13th – 19th November 2023)
Analysis of the Gambling Commission’s consultation on changes to the LCCP, RTS and regulatory panel arrangements
This includes the somewhat controversial financial vulnerability check requirements, Remote Gambling and Software Technical Standards, and arrangements for Regulatory Panels.
Can’t find what you’re looking for?