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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-03-29T18:13:00
The U.K. Gambling Commission announced Tuesday three units of British bookmaking service William Hill Group will pay a record fine of 19.2 million pounds (U.S. $23.7 million) for failures regarding social responsibility and anti-money laundering (AML).
WHG (International) Limited will pay £12.5 million (U.S. $15.4 million), Mr. Green Limited will pay £3.7 million (U.S. $4.6 million), and William Hill Organization Limited will pay £3 million (U.S. $3.7 million). William Hill Group, which was acquired by 888 Holdings in July, operates more than 1,000 gambling premises across the United Kingdom.
Andrew Rhodes, U.K. Gambling Commission chief executive, said the company’s failings “were so widespread and alarming, serious consideration was given to license suspension.” However, since the company recognized its shortcomings and worked with the commission to implement improvements, it was not suspended and instead subjected to the largest enforcement action in the regulator’s history, said Rhodes.
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2023-02-13T19:21:00Z By Neil Hodge
Barclays Bank is reportedly being investigated by the U.K. Financial Conduct Authority for failures regarding its anti-money laundering procedures and controls.
2023-01-26T19:01:00Z By Aaron Nicodemus
U.K. online gaming company In Touch Games was fined £6.1 million (U.S. $7.6 million) by the country’s Gambling Commission for a series of anti-money laundering failures—its third such penalty since 2019.
2023-01-12T15:34:00Z By Neil Hodge
The U.K. Financial Conduct Authority fined Guaranty Trust Bank approximately £7.67 million (U.S. $9.4 million) for weaknesses in its anti-money laundering systems and controls that spanned a five-year period.
2024-07-26T19:18:00Z By Jeff Dale
RTX Corp., the parent company of Raytheon, disclosed in a public filing it has reserved $1.24 billion to resolve legacy legal matters with the Department of Justice, Securities and Exchange Commission, and Department of State.
2024-07-26T15:51:00Z By Aaron Nicodemus
The U.K. Financial Conduct Authority issued a fine of $4.5 million (3.5 million pounds) against a U.K.-based subsidiary of crypto platform Coinbase for providing services to high-risk customers in violation of FCA rules.
2024-07-26T13:36:00Z By Adrianne Appel
Admera Health agreed to pay more than $5.5 million to resolve allegations first brought by two whistleblowers that it paid kickbacks to third-party contractors, the Department of Justice said.
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