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”com was hit with the monumental fine after an investigation discovered that it had failed to adequately check the source of funds for seven of its high-rolling VIP customers.com was hit with the monumental fine after an investigation discovered that it had failed to adequately check the source of funds for seven of its high-rolling VIP customers....

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The Guardian reported that another suspect instance had involved the online casino and sportsbetting firm accepting deposits worth about ￡187,000 (3,750) from a customer over the course of only two days without seeking source-of-funding evidence.Diverse deficiencies:The Gambling Commission reportedly declared that Betway Limited’s social responsibility and anti-money laundering procedures had been ‘inadequate’ as the seven cases indicated that it could have allowed some ￡5.In the United Kingdom and the Gambling Commission regulator has reportedly slapped online casino and sportsbook operator Betway Limited with a record ￡11....

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3 million) in illicit cash ‘to flow through the business’. The treatment and handling of high-value customers is a significant piece of that work and operators are in no doubt about the need to tackle the issue at speed. We are very excited about what the future holds....

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