Nevada Bookmaker Hit With Hefty Fine In UK

  • Nevada Bookmaker Hit With Hefty Fine In UK

Nevada Bookmaker Hit With Hefty Fine In UK

The Gambling Commission issued the penalty package for what it described as "systemic senior management failure" to meet its responsibilities regarding money laundering prevention and the protection of consumers.

Failure in the company's checks meant that 10 customers deposited large sums linked to criminal offences, resulting in gains for William Hill of around 1.2 million pounds, it 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", McArthur added.

WHG will also appoint external auditors to review the effectiveness and implementation of its anti-money-laundering and social responsibility policies and procedures and share learning with the wider industry.

This penalty is the second biggest issued by the UK Gambling Commission, after 888 were hit with a £7.8m fine previous year for failing to properly handle vulnerable customers. In actual fact, the customer was earning just £30,000, and was guilty of stealing from his employer to fund his gambling habit.

The report found that one customer at the casino made deposits totalling £541,000 over a 14-month period, with William Hill assuming the player's income was £365,000 a year.

The commission said the customer lived in rented accommodation and was employed within the accounts department of a business and earned around £30,000 a year.

For that, the UK Gambling Commission has imposed a penalty package on William Hill Group, with the bookmaker set to pay over £5 million for regulations breaches and deprive themselves of the amount of £1.2 million which they received as a result from the ten customers' transactions.

'Where victims of the ten customers are identified, they will be reimbursed.

William Hill did not seek adequate information about the source of the customers' funds or establish whether they were problem gamblers, the Commission said.

Another crook deposited £653,000 over 18 months, which triggered an "amber risk" alert. The file was marked to be passed to management, but a systems failure occurred and the customer was able to continue gambling for a further six months despite continuing to activate alerts. The bookmaker contacted the user who eventually said they felt comfortable with their level of spending, so the operator continued to allow the customer to gamble.

"We are fully committed to operating a sustainable business that properly identifies risk and better protects customers", he said.

William Hill said it had co-operated with the Commission during the investigation and had committed to an independent review and would work to implement any recommendations following this review.