William Hill Slapped with £6.2M Fine by UK Gambling Commission

William Hill Slapped with £6.2M Fine by UK Gambling CommissionBetting operator William Hill has just been slapped with a £6.2 million fine by the UK Gambling Commission (UKGC) for a litany of failings which included not effectively implementing the country’s anti-money laundering laws and social responsibility regulations. The penalty was the second-largest ever doled out by the UKGC, with the biggest being the £7.8 million fine handed to 888 in 2017 for its failure to protect problem gamblers.
The investigation carried out by the Gambling Commission reviewed William Hill’s operation from November 2014 to August 2016, with the regulatory body subsequently highlighting numerous examples in which the betting company’s controls were insufficient. Commenting upon the situation, UKGC executive director Tim Miller explained that William Hill should have done a better job “checking the source of money and understanding their customers and ensuring that potentially vulnerable customers are properly protected”.
Amongst the failings cited by the UKGC was William Hill accepting around £1.2 million in deposit from 10 of its customers without suspecting that the money was linked to criminal activities. This included one man being able to deposit £541,000 over 14 months at William Hill with the company assuming that his income was £365,000 a year based upon a verbal conversation, instead of his actual £30,000 a year wage. In fact, the customer had been stealing money from his employer in order to fund his gambling habit.
Overall, transactions with these 10customers resulted in a £1.2 million fine for the company, with a further £5 million levied on William Hill for breaching procedural checks and regulations.
“This was a systemic failing at William Hill which went on for nearly two years and today’s penalty package – which could exceed £6.2m – reflects the seriousness of the breaches,” explained UKGC executive director Neil McArthur.
Meanwhile, William Hill chief executive Philip Bowcock has said that his company co-operated fully with the UKGC throughout the whole investigative process, and that the operator was now “introducing new and improved policies,” as well as increasing its levels of resourcing so that staff could more readily identify risk and better protects their customers.

Other news:   Pennsylvania Receives First Sports Betting Application

Poker News
01 Sep 2017
The U.K. Gambling Commission has handed 888 a record fine of £7.8 million ($10m), after the online gambling firm demonstrated “serious failings in its handling of vulnerable customers.” Nevertheless, 888 can at least be thankful that the Commission decided not to revoke the operator’s license all together. The extent of 888’s failings appear to have
10 Feb 2017
PokerStars has been hit with a $25,000 fine by the New Jersey Division of Gaming Enforcement (DGE), after a malfunction in its geolocation technology allowed out-of-state players to enter and gamble on its site. Any US state deciding to launch an online gambling industry must adhere to strict intrastate gambling laws in order to protect
08 Sep 2015
The Rivers Casino in Des Plaines has been hit with a huge $2 million fine after the Illinois Gaming Board accused the venue of not following proper procedures laid out by the regulator. One of the breeches involved awarding the United Service Company (USC) a cleaning contract without first obtaining the required number of bids,
28 Mar 2012
UK online gaming firm SportingBet had operated in the US between 1998 and 2006, but then pulled out of its online betting market after president George Bush introduced the UIGEA. In September 2010 the company then admitted attempting to disguise payment to US players and subsequently agreed to pay the DoJ an amount equivalent to