Inadequate management oversight and lax social
responsibility controls have landed gambling operator Betway with an £11.6m
bill from the UK Gambling Commission.
The penalty package was announced Thursday and concerns a
number of social responsibility and anti-money laundering failures at the
operator, which in one case led to a customer depositing £8m over four years
without being asked to provide proof of source of funds.
In another case a customer lost £187,000 with the operator
over a two-day period without any intervention.
The UKGC [...]
