UK Gambling Commission fines Paddy Power Betfair £2M for serious regulatory failures in AML, customer protection and social responsibility, including slow detection of harmful gambling 

The Commission found that Paddy Power Betfair failed to adequately assess and mitigate customer risk, maintain effective AML systems, and adhere to required controls between 2019 and 2021. As a result, the operator agreed to pay a £2 million settlement and must improve its compliance frameworks to protect players and uphold regulatory standards…