Tag Archives: money laundering

William Hill-owned online gaming brand Mr Green has been told to pay £3m to the National Strategy to Reduce Gambling Harms by the Gambling Commission after it found failures in the operator’s procedures for preventing harm and money laundering. The settlement agreement consists of a £3m payment in lieu of a financial penalty and Commission costs of £10,349.77. The Gambling Commission found that Mr Green: did not …

Online gambling operator Gamesys (Gibraltar) Limited will pay £1.2m for failing to prevent gambling harm and breaching money laundering regulations, the UK Gambling Commission (UKGC) has announced this morning. Gamesys operates the newly launched Virgin Bet, sports data site Live Score and a range of further igaming sites. The regulator launched an investigation into the operator’s processes after police investigations revealed …

The UK Gambling Commission (UKGC) has published a set of new requirements to prevent crime associated with gambling. The new rules will come into force later this year and  follow a Commission consultation which took place at the end of 2015. As part of the changes, UKGC will require gambling operators to: Conduct an assessment of the risks of money …

Licensing expert David Clifton, of gambling consultancy Clifton Davies, takes a look at the recent movement by the regulator to tighten up money-laundering processes and doesn’t see any good news for bookmakers. The recent publication on the Gambling Commission’s website of a public statement highlighting failures in Paddy Power’s anti-money laundering (AML) and social responsibility processes is the latest in what …

Keith Bristow QPM, who recently retired as Director-General of the UK National Crime Agency, has been appointed as the first chairman of the Gambling Anti-Money Laundering Group (GAMLG). GAMLG was established in January 2016.  Its initial membership is comprised of the Remote Gambling Association (RGA) and the Association of British Bookmakers (ABB).  The sectors they represent account for over 70% …

Fixed odds betting terminals have been debated in the House of Lords, with the usual mix of hot air and in-depth analysis that has come to be frequently parodied of the UK’s second legislative house. The whole discussion has been kicked off by Lib Dem Peer Lord Strasburger, despite the fact he doesn’t appear to know what the existing stake …