UK Gambling Commission fines Betfred £825,000 over compliance failures
The UK Gambling Commission fined Done Brothers (Cash Betting), trading as Betfred, £825,000 after finding anti-money laundering and social responsibility failures at its retail betting outlets. The regulator cited weaknesses in monitoring risks linked to B3 gaming machine customers, source-of-income thresholds and customer interactions. It also required an independent audit of the operator’s controls and policies.
Betfred must undergo an independent audit after the Commission identified weaknesses in its retail compliance controls.