Gambling Commission fines Done Brothers (Cash Betting) Limited £825,000 for AML and social responsibility breaches
The Gambling Commission has fined Done Brothers (Cash Betting) Limited, trading as Betfred, £825,000 following a compliance assessment that identified Anti-Money Laundering (AML) and social responsibility breaches. The operator failed to implement effective controls to manage money laundering risks linked to B3 gaming machines and set thresholds for source-of-income checks at £15,000 in losses or £125,000 in stakes over a 12-month period, which the Gambling Commission deemed insufficiently risk-based. The assessment also revealed shortcomings in detecting and acting on indicators of gambling harm, with customer interactions often delayed or of poor standard. In addition to the financial penalty, Done Brothers received a formal warning and must undergo an independent third-party audit to ensure improvements are sustained. This enforcement action follows a £3.25m settlement in 2023 by Done Brothers for similar failings.