Ladbrokes Coral Group to pay £5.9m for past failings in anti-money laundering and social responsibility

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July 31 2019

Systemic failings at the Ladbrokes Coral Group (1) has led to a penalty package including a series of improvement measures that must be implemented by new owner GVC and a £5.9m payment, while further investigations into the actions of Personal Management Licence holders continue.

An investigation by the Gambling Commission found between November 2014 and October 2017 Ladbrokes and Coral failed to put in place effective safeguards to prevent consumers suffering gambling harm and against money laundering, with this failing continuing after their merger as the Ladbrokes Coral Group.