UK: Paddy Power Betfair to pay penalty package for social responsibility and money laundering failures on its gambling exchange

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October 16 2018

An online operator is to pay £2.2m for failing to protect customers and stop stolen money being gambled.

A Gambling Commission investigation has 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.

Two of the customers were using PPB’s betting exchange and a further three were gambling using the operator’s online presence and retail premises.