20 February 2018
William Hill PLC confirms that its Online business has entered into a regulatory settlement with the Gambling Commission following the identification of a number of cases where former policies were insufficient to ensure full regulatory compliance, particularly in relation to the identification of the possible proceeds of crime.
As a result, William Hill has agreed to pay a total package of £6.2 million, including a sum of £1.2 million to be returned to affected parties.
William Hill CEO, Philip Bowcock, commented: "William Hill has fully co-operated with the Commission throughout this process, introducing new and improved policies and increased levels of resourcing. We have also committed to an independent process review and will work to implement any recommendations that emerge from that review. We are fully committed to operating a sustainable business that properly identifies risk and better protects customers. We will continue to assist the Commission and work with other operators to improve practices in the areas identified."
William Hill PLC, Press team