UK Gambling Commission fines NetBet £650K and orders an audit after major AML and social-responsibility failings, including weak risk checks and and inaccurate reporting

Following a licence review covering November 2023 to July 2024, the Commission found that NetBet’s anti-money-laundering risk assessment omitted key risk factors, allowed customers to gamble disproportionately to their income, and failed to identify indicators of harm in a timely manner. The operator also submitted inaccurate regulatory data and as part of the settlement will pay the sum to socially responsible causes and commission an independent audit to enforce improvements…