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

An online operator is to pay £2.2m for failing to protect customers and stop stolen money being gambled.
A UK 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.
Richard Watson, Gambling Commission Executive Director, said: “As a result of Paddy Power Betfair’s failings significant amounts of stolen money flowed through their exchange and this is simply not acceptable. Operators have a duty to all of their customers to seek to prevent the proceeds of crime from being used in gambling.
“These failings all stem from one simple principle – operators must know their customer. If they know their customer and ask the right questions then they place themselves in a strong position to meet their anti-money laundering and social responsibility obligations.”
Read Paddy Power Betfair public statement for more information.
-
Africa4 days ago
New Governing Board of the Gaming Commission of Ghana Sworn in
-
Gambling in the USA7 days ago
Gaming Americas Weekly Roundup – June 16-22
-
Africa6 days ago
SA Rugby Renews its Partnership with Betway
-
Asia6 days ago
Polemos Announces Partnership with Guinevere Capital
-
Asia6 days ago
WiseGaming strikes content partnership with Zenith Gaming
-
Industry News7 days ago
iGB L!VE and Hippodrome Casino join forces for London iGaming Week
-
Africa5 days ago
BetKing Delivers Healthcare Services and Nutrition Support to Underserved Nigerian Communities
-
Compliance Updates6 days ago
ONJN Requests Meta and Google to Remove Illegal Gambling Ads