Bet365 fined by UK Gambling Commission for KYC violations

The UK Gambling Commission has ordered operator bet365 to pay £582,120 for failures including inadequate customer due diligence and KYC triggers.

The regulator claimed that the business did not perform financial sanctions checks on new clients before their initial deposits.

The Gambling Commission said that in addition to failings in anti-money laundering, bet365 also failed in social responsibility.

A UK Gambling Commission compliance assessment revealed the shortcomings.

 

[Qwert135]

The company is definitely a big name and such sort of news will definitely affect their share price in the market the investors will definitely be looking at such news these type of negative news always impact a company in apt bad manner and their for they need to make sure that such things do not happen in the future and they are able to properly follow the rules of the industry indeed actually