UK GAMBLING COMMISSION FINES LADBROKES CORAL £5.9 MILLION

On 31st July, the BBC reported that GVC Holdings, owner of Labrokes Coral has been fined for not protecting vulnerable customers and for failings in its AML measures.  The Gambling Commission says that over a 3-year period, Ladbrokes and Coral failed to put effective safeguards in place to “prevent consumers suffering gambling harm”.  The problems occurred between November 2014 and October 2017, after which GVC Holdings bought Ladbrokes Coral in March 2018.

https://www.bbc.co.uk/news/business-49175515

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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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