888 GAMBLING COMPANY CEO DEPARTS IN THE WAKE OF THE BUSINESS REVEALING FAILINGS IN AML AND KYC PROCESSES FOR CUSTOMERS IN THE MIDDLE EAST

On 30 January, iGB reported that the change followed an internal compliance review revealed AML and KYC best practices were not followed for Middle Eastern Customers.  The Financial Times reported that the Gibraltar-based company had launched an investigation into failures of its VIP customer accounts.

https://igamingbusiness.com/people/people-moves/pazner-exits-as-chief-executive-of-888

https://www.ft.com/content/a460b288-c5c3-41b4-bd5f-6e8bdc2a2b4a

https://www.theguardian.com/society/2023/jan/30/888s-middle-east-vip-gambling-accounts-suspended

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 View all posts by raytodd2017