Gambling Commission secures £650,000 NetBet settlement over compliance failures
Britain’s Gambling Commission said NetBet Enterprises agreed to pay £650,000 in lieu of a financial penalty over anti-money laundering and social responsibility failures at netbet.co.uk between November 2023 and July 2024. The regulator also cited inaccurate regulatory returns and required an independent audit of the operator’s controls; the payment will go to socially responsible causes.
The settlement and audit requirement require NetBet to address controls covering financial crime, player protection and regulatory reporting.