Gambling Commission fines Corbett Bookmakers £686,070 for AML and social responsibility failures, requiring a third-party audit to ensure it properly enforces its AML and safer gambling policies

AML failures included allowing customers to stake and lose large sums without sufficient KYC checks or verifying the source of funds. One customer lost £14,000 over eight months without proper fund legitimacy checks. The operator’s risk assessment also failed to fully address customer, product, geographic, and payment risks…