Betting group William Hill has been fined £6.2m by the gambling industry regulator for failing to protect consumers and prevent money laundering. The Gambling Commission said that over the two years to August 2016, the company failed to spot obvious signs of problem gambling, and in doing so breached anti-money laundering and social responsibility regulations. Tim Miller, executive director of the Gambling Commission, said there were clear warning signs of problem gambling in the spending patterns of some customers that William Hill should have picked up on. Tom Watson (@tom_watson) William Hill has just been fined £6.2m by the Gambling Commission for accepting money from criminals without carrying out proper background checks. William Hill will now appoint external auditors to review its anti-money laundering and social responsibility policies and procedures.

Source: The Guardian February 20, 2018 08:55 UTC