Published on 23/02/2018
By the end of January we rote about the massive fine to 888 casino. We expected the gambling commission made an exemplary case and now everybody will review their internal processes. How mistaken we were...
This time to stop money from being washed out, William Hill Group was fined £6.2m over the gambling problem. He was literally incapable of preventing himself from wasting the money and was inactive as well. It was the UK’s Gambling Commission which explored out that the bookmaker was breaking away the anti-money laundering rules together with the social responsibility norms. Ten customers were permitted to deposit the hefty sums associated with criminal wrongdoings, permitting William Hill to accumulate £1.2m over time. However, the bookmaker was not doing sufficient to search out information regarding the fund sources or to inquire if the customers were somewhere the risky gamblers.
There was a customer living in rented space and has earning near about £30,000 per year was permitted to deposit £654,000 and that continued for 9 months. Surprisingly there was no fund resources to track. Then another customer was tracked down whose salary was more or less same with the previous one, went on stealing money from the employer only to continue his gambling habit and deposited £541,000 within 14 months. However, the operator assumed about the earning which could be £365,000 every year and through verbal communication the operator understood.
There was a customer, depositing £653,000 and that is too within 18 months and there was a financial alert flagging, potent "amber" risk that triggered the system to check customer profile. However, the file was forwarded to the management but due to an erroneous system failure, the customer could continue gambling for prolong time span around six months, in spite of potential alerts. Neil McArthur the executive director of Gambling Commission opinionated that they would use their broad spectrum of enforcement powers only to make gambling secure and fairer. However, it was a systematic failure for William Hill which continued for two years and the penalty package for today exceeded over £6.2m, immediately reflect the severity of the breaches.
Gambling businesses comes with a liability to make sure that gambling crimes are kept out and well-handled and the resources of the fund should also be checked through, ensuring where the money is coming from. William Hill CEO Philip Bowcock was of the opinion that William Hill cooperated completely with the Commission all throughout the procedure, thus introducing the original and refined policies also enhancing the resources. They are also dedicated to an autonomous process evaluation and would be working to implement any recommendations that come up from the review. They are totally dedicated to operate a sustainable business that suitably recognizes risks and improves customer protection. They would be continuing to back the Commission thus working with other operators to perk up practices in the identified areas.