Legal & Regulatory News

London-listed operator Paddy Power Betfair has agreed a £2.2m penalty package with the UK Gambling Commission (UKGC) for historical social responsibility and anti-money laundering failures.

The penalty package follows an investigation by UKGC which revealed that Paddy Power Betfair (PPB) failed to adequately interact with customers who were displaying signs of problem gambling and failed to adequately carry out anti-money laundering checks.

Premium subscribers continue here to the full article.