Paddy Power Betfair pays £2m penalty for AML and customer protection failings

UK Gambling Commission investigation finds "significant amounts of stolen money" was used by two customers to gamble via the Betfair Exchange

Paddy Power Betfair (PPB) has been hit with a £2.2m penalty package after a Gambling Commission investigation found it had failed to prevent "significant amounts of stolen money" being gambled via the exchange and adequately interact with problem gamblers. The UK regulator this morning revealed that PPB had allowed two customers during 2016 to gamble…

Anti-money laundering | Betfair | Gambling Commission | Paddy Power | Paddy Power Betfair | Regulation | Responsible gambling | Social responsibility | UK


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