Ladbrokes To Pay £5.9M For AML Failings, Social Misconduct

Law360, London (July 31, 2019, 4:05 PM BST) -- The Gambling Commission said Wednesday that betting giant Ladbrokes Coral Group will pay £5.9 million ($7.2 million) for failing to catch money launderers and mistreating customers with gambling problems.

The regulator said it imposed the penalty after discovering what it called systemic failures to fight financial crime. Ladbrokes neglected to investigate customers even after the company raised concerns about money laundering, the commission said.

Ladbrokes also failed to protect consumers from problem gambling and neglected its policies on social responsibility, the commission said. In one case a customer lost almost £100,000 and asked the company to stop sending promotional material —...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS