Paddy Power Betfair Suffers £2.2-Million UKGC Backlash for Social Responsibility and Money Laundering Failures

Paddy Power Betfair Suffers £2.2-Million UKGC Backlash for Social Responsibility and Money Laundering Failures

The gambling operator Paddy Power Betfair is to pay a massive £2.2-million penalty package for its failures to protect customers from gambling-related harm and to take proactive measures to top stolen money from being used to fuel problem gambling behaviour. The UK Gambling Commission (UKGC) held an investigation, which found that the company did not interact adequately with customers who were showing signs of a gambling addiction. As found by the Commission, Paddy Power Betfair did not properly carry out anti-money laundering checks. The probe of the UK gambling regulatory…

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UKGC Slaps Mark Jarvis with £94,000 Fine for Customer Interaction Failures

UKGC Slaps Mark Jarvis with £94,000 Fine for Customer Interaction Failures

The UK Gambling Commission (UKGC) imposed a monetary penalty on the bookmaker Mark Jarvis after finding out that the company failed to protect a customer who was showing signs of compulsive gambling behaviour. The gambling operator will be forced to pay an amount of £94,000 and bring some changes to its procedures related to social responsibility. A probe initiated by the gambling regulatory body found that the gambling company failed to follow the Commission’s requirements for customer interaction have been violated by Mark Jarvis for a period of 19 months.…

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