UK: GAMBLING OPERATOR BETWAY HIT WITH RECORD £11.6 MILLION PENALTY

On 12 March, the BBC and other media reported that an investigation of the operator’s dealings with several high-value customers had revealed compliance shortcomings, including accepted stolen money and ignoring cases of gambling addiction.  Of the £11.6 million Betway must pay, half of that will go to the National strategy to Reduce Gambling Harms. The rest will be returned to victims of crime.

https://calvinayre.com/2020/03/12/business/betway-to-pay-record-fine-for-aml-problem-gambling-lapses/

If you’d like to help me buy that (badly needed) new laptop or, even better, a new desktop to replace the one now 5,000 miles away – https://www.buymeacoffee.com/KoIvM842y

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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