Article summary
Betway, an online gambling business, has been fined £11.6m by the Gambling Commission over failings related to social responsibility and money laundering checks of ‘VIP’ customers. The business was found to have allowed £5.8m to flow through the business which has been found, or could reasonably be suspected to be, proceeds of crime. The investigation also revealed inadequate management oversight, and the regulatory is conducting investigations into responsible Personal Management Licence holders in the business.
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