PADDY POWER BETFAIR FINED £2.2 MILLION FOR RAFT OF FAILINGS INCLUDING ALLOWING PUNTER TO GAMBLE MONEY STOLEN FROM A DOGS HOME

The Irish Examiner on 16th October reported that the UK Gambling Commission found “significant” amounts of stolen money had been gambled with Paddy Power’s online exchange Betfair after it failed to carry out proper AML checks.  The inquiry centred on 5 customers in 2016, including 2 who were allowed to gamble stolen money – one of whom had defrauded his employer, Birmingham Dogs Home – the money will be returned to the dogs home.

https://www.irishexaminer.com/breakingnews/business/–876118.html?src=ilaw

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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