Feb 20, 2018

William Hill fined £6.2m for failure to prevent money laundering

William Hill has been handed the second-largest fine issued to a UK gambling operator following "Systemic" failures to prevent money laundering and problem gambling. Neil McArthur, the commission's executive director, said: "Gambling businesses have a responsibility to ensure that they keep crime out of gambling and tackle problem gambling - and as part of that they must be constantly curious about where the money they are taking is coming from." The watchdog imposed the fine after finding a litany of errors by William Hill staff in failing to stop alleged money laundering and problem gambling. In total, the identified customers deposited £3.4m with William Hill, generating more than £1.2m in gross gambling yield, the total amount wagered minus the amount paid out in winnings. Last year Ladbrokes Coral was fined £2.3m after the commission found two customers had gambled away about £1.3m of stolen money.

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