- Ten customers deposited large sums of money linked to criminal offences
- These deposits weren’t properly checked and resulted in firm gaining £1.2m
- Gambling Commission criticises WH for ‘systemic failing for nearly two years’
Bookmaker William Hill is to pay a £6.2million penalty package for ‘systemic social responsibility and money laundering failures’, the Gambling Commission has announced.
The Gambling Commission said an investigation had revealed that between November 2014 and August 2016, William Hill Group (WHG) breached anti-money laundering and social responsibility regulations.
Lack of proper checks resulted in ten customers being allowed to deposit large sums of money linked to criminal offences, which resulted in gains for WHG of around £1.2 million.
Bookmaker William Hill is to pay a £6.2million penalty package for ‘systemic social responsibility and money laundering failures’, the Gambling Commission has announced
Commission executive director Neil McArthur said: ‘We will use the full range of our enforcement powers to make gambling fairer and safer.
‘This was a systemic failing at William Hill which went on for nearly two years and today’s penalty package – which could exceed £6.2 million – reflects the seriousness of the breaches.
‘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.’