Entain Fined £17 Million for Anti-Money Laundering and Social Responsibility Failures

Entain Group has been fined £17 million by the UK Gambling Commission for failures in anti-money laundering and social responsibility processes. The fine is the largest enforcement outcome to date. £14 million of the fine is for failures at its online business LC International Limited which runs 13 websites including ladbrokes.com, coral.co.uk and foxybingo.com. £3 million of the fine is for failures at its Ladbrokes Betting & Gaming Limited operation which runs 2,746 gambling premises across Britain.

Entain will have to adhere to new license conditions including the oversight of an improvement plan by a board member. Andrew Rhodes, Gambling Commission chief executive, stated that the investigation revealed serious failures that have resulted in the largest enforcement outcome to date. Entain has been reminded that they must never place commercial considerations over compliance.

Social responsibility failures include being slow to act with potentially vulnerable customers over an extended period of time and allowing customers to open accounts with its other brands once banned from at least one other. Anti-money laundering failures were all related to source of funds check not being carried out in good time or satisfactorily.