UK-based online gaming giant bet365 will pay a £582,120 (US$735,150) fine for anti-money laundering and social responsibility failures, Britain’s Gambling Commission has announced.
The finding, which will see Bet365’s bingo and casino products license holder Hillside (UK Gaming) ENC pay £343,035 and betting license holder Hillside (UK Sports) ENC pay £239,085, comes with Australia’s AML watchdog AUSTRAC having only last month launched an investigation of its own into the local arm of bet365 to determine whether the online betting giant has complied with its obligations under the Anti-Money Laundering and Counter-Terrorism Financing Act.
The findings of that inquiry are yet to be finalized.
