Mega-power online betting company 888 has suspended VIP operations in the Middle East and its top executive has stepped down in news that has eroded the value of company stock. An internal compliance investigation has been announced in regard to perceived failures in internal anti-money laundering and know-your-customer (KYC) processes.
According to the company, certain best practices related to anti-money laundering and KYC regulations “have not been followed”.
According to the company, certain best practices related to anti-money laundering and KYC regulations “have not been followed”.