Paddy Power Betfair’s fine shows the gambling industry needs to up its AML game

Jane Jee, CEO of Kompli-Global, argues firms should automate more of their customer research functions

The consumer and trade press have both been full of the news that the bookmaker Paddy Power Betfair has been fined £2.2m by the UK Gambling Commission (UKGC) for failing to protect customers who showed signs of problem gambling, as well as failing to stop stolen money from being gambled. According to UKGC, the company…

AMLD | KYC | Regulation