UKGC Makes Gambling Fairer Safer Fines William Hill £6.2m

Published Tuesday, February 20, 2018 - Online-Casinos.com
UKGC Makes Gambling Fairer Safer Fines William Hill  £6.2m

The UK Gambling Commission has struck again imposing a serious fine on an online gambling operator for failing to spot problem gambling and prevent money laundering. Well known gambling products provider William Hill will have to come up with £6.2m for the failure to provide the needed protection for problem gamblers as well as funds laundering.

The online betting firm 888 was penalised a record £7.8m for “outrageous” failings, after more than 7,000 people who had voluntarily banned themselves from gambling were still able to play online. The William Hill fine is the second largest penalty ever invoked by the Commission. It has been revealed that more than 2 million people in the UK are at risk of a gambling addiction.

The Commission stated that over a two year period up to August of 2016, William Hill failed to notice the real indications of problem gambling, and thus breached anti-money laundering and social responsibility requirements set out by the regulatory body.

The executive director of the UK’s Gambling Commission, Tim Miller said, “In many respects, this wasn’t properly resourced or staffed, so a lot of the checks weren’t happening. People were potentially able to gamble money that was the proceeds of crime; in one case, money stolen from a local council,” Miller added, “There were clear warning signs, the escalating amount of money that was being spent should have set off alarm bells.”

Executive director of the UK regulator, Neil McArthur, stated the gambling commission was prepared to use the full range of its powers to make gambling fairer and safer. “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.”

William Hill’s chief executive officer Philip Bowcock, responded, “William Hill has fully co-operated with the commission throughout this process, introducing new and improved policies and increased levels of resourcing.”

 

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