- 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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Barclays Bank is reportedly being investigated by the U.K. Financial Conduct Authority for failures regarding its anti-money laundering procedures and controls.
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.
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.
Three former executives of Chicago-based Outcome Health, a healthcare technology company, were sentenced for misleading an auditor, clients, lenders, and investors about a scheme to sell $45 million in overbilled advertisements.
A home health company operating in Indiana, Ohio, and Texas agreed to pay nearly $4.5 million to settle allegations it filed false claims by giving sports tickets and other kickbacks to assisted living facilities in exchange for referrals.
Crypto-friendly Silvergate Bank will pay a total of $63 million penalties to California and the Federal Reserve Board to settle charges that its anti-money laundering program failed to properly monitor more than $1 trillion worth of customer transactions.
