- The UK Gambling Commission has handed William Hill a big fine of £6.2m after finding out that the famous bookmaker breached anti-money-laundering regulations.
- UKGC says that this fine could rise even higher if more people come forward.
William Hill didn’t do enough to prevent money laundering according to Tim Miller at UKGC. He also said that the fine of £6.2m could rise even more to BBC News. Over ten people were able to deposit money to the bookmaker that was linked with criminal offences. William Hill earned over £1.2m on these players.
The fine that William Hill received was the second biggest ever imposed by the UKGC. The largest fine was £7.8m and it was given to 888 Casino. The reason for the fine was according to UKGC “failed to mitigate risks and have sufficient numbers of staff to ensure their anti-money-laundering and social responsibility processes were effective”.
William Hill said they have co-operated with UKGC the entire time and that they welcome these investigations. They will also do an independent investigation in order to help themselves with internal processes so that this never will happen again.
Many of the criminal players deposited a lot of money without having any income or explanations on how they got the money in the first place. These players also have a criminal past. William Hill says that it’s hard to now as an operator where the players get their money but that they have to get a lot better on this.
We can assume that many other big online casinos have the same problem and that there are many criminal players with dirty money that plays each day at many different casinos. One player at William Hill played for £500,000 a yeah with an income of £30,000. This was possible because he stole money from his employer.
William Hill will now make sure that this won’t happen again, and other casinos are looking over their processes and regulations. This fine from UKGC is a great signal to all casinos that money laundering and criminal players never should be allowed at online casinos in Britain.