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Jul 31, 2019
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one of the biggest finds the gambling commission has ever levied on a company. ind companies over the whole industry for £20 million so a 6 million is very big. the background is gambling companies are expected to have safeguards in place to look for unconventional movements in customer accounts, to guard against money—laundering and also protect problem gamblers from doing themselves too much harm. in the case of the £98,000 customer that you talked about, this person had a 460 attempts to deposit money into his account refused by his bank. they still did not contact him to find out what was happening. he also asked to stop sending him promotions. a new customer deposited £140,000 in their account over four months and ladbrokes did not contact them to see whether money had come from. that is the anti—money—laundering aspect of it. this behaviour the gambling commission is talking about was between 2014 and 2017 and they say there were systemic failings that elaborate coral. it has been since bought by another company, gvc, who said this morning that they were sy
one of the biggest finds the gambling commission has ever levied on a company. ind companies over the whole industry for £20 million so a 6 million is very big. the background is gambling companies are expected to have safeguards in place to look for unconventional movements in customer accounts, to guard against money—laundering and also protect problem gamblers from doing themselves too much harm. in the case of the £98,000 customer that you talked about, this person had a 460 attempts to...
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Jul 31, 2019
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the betting company ladbrokes coral group have been hit with a big fine from the gambling commissionis social responsibility, how well they look after their customers, and one is money laundering, so keeping a close eye on where money is being spent in the shops and making sure there is no evidence of criminal activity. one customer spent £98,000 over two yea rs, customer spent £98,000 over two years, and it is despite that customer going to them and saying please stop sending me promotions. and there was one customer who spent £1.5 million over two years, and they didn't investigate where that money might have been coming from, and they should have done. we spoke to the gambling commission and they said it was up to every betting company to make sure their own houses in order. they have to make sure these systems and checks are in place, and if they fail they have to pay a fine. they said we found substantial failings at this operator which resulted in consumers being harmed, and money flowing to the company. of that money, most of it will go to charities help people addicted to gam
the betting company ladbrokes coral group have been hit with a big fine from the gambling commissionis social responsibility, how well they look after their customers, and one is money laundering, so keeping a close eye on where money is being spent in the shops and making sure there is no evidence of criminal activity. one customer spent £98,000 over two yea rs, customer spent £98,000 over two years, and it is despite that customer going to them and saying please stop sending me promotions....
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Jul 31, 2019
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the gambling commission says that over a three—year period, ladbrokes and coralfailed to put effectivend had asked the company to stop sending promotions. our business presenter, dominic 0‘connell explains more. background to this is that gambling companies are expected to have safeguards in place to look at for unusual movements and customer accounts. to guard against anti—money—laundering and also to protect problem gamblers from doing too much harm. in the case of the £98,000 customer, this person had 460 attempts to deposit money into his account refused by his bank and they still did not contact him to see what was happening and he also asked to be stopped sent promotions. in another case a new customer deposited £1a0,000 and their account and ladbrokes did not get in contact to see that this money had come from saugus that the money—laundering aspect of it. this behaviour at the gambling commission is talking about is between 2014 and 2017, said the systemic failings. ladbrokes coral has since been bought by another company say they no regret these historic feelings. —— failings.
the gambling commission says that over a three—year period, ladbrokes and coralfailed to put effectivend had asked the company to stop sending promotions. our business presenter, dominic 0‘connell explains more. background to this is that gambling companies are expected to have safeguards in place to look at for unusual movements and customer accounts. to guard against anti—money—laundering and also to protect problem gamblers from doing too much harm. in the case of the £98,000...
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Jul 31, 2019
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it will have to pay £5.9 million after the gambling commission found it did not enforce safeguards fororfailures in its anti—money laundering measures. in one instance, a customer was prevented from making deposits into their gambling account on 460 separate occasions but they were still able to lose £98,000 over a two and a half year period. ladbrokes coral‘s owner — gvc says it acknowledges and regrets the failures and says its systems have now been brought up to standard. joining us now is adam bradford, co—founder safer online gambling group. thanks forjoining us, what went wrong here because we had systems preventing problem gamblers from betting some of the time but not all of the time? i think this stems back toa of the time? i think this stems back to a not good enough regulation from the government. there are anti—money—laundering regulations in place and software that companies can use to track risky behaviour and dubious patterns of play online. in this instance, that did not work properly but if we had a stronger regulator that could help and support gambling companies to i
it will have to pay £5.9 million after the gambling commission found it did not enforce safeguards fororfailures in its anti—money laundering measures. in one instance, a customer was prevented from making deposits into their gambling account on 460 separate occasions but they were still able to lose £98,000 over a two and a half year period. ladbrokes coral‘s owner — gvc says it acknowledges and regrets the failures and says its systems have now been brought up to standard. joining us...
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Jul 31, 2019
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the gambling commission says the company didn't have proper safeguards in place to stop customers sufferingays one customer lost almost £100,000 over two and a half years. borisjohnson is being urged to take personal responsibility for tackling the increase in youth violence across england and wales. mps on the home affairs select committee say the current strategy is completely inadequate and are calling on the government to reverse cuts to youth services and increase police numbers. the home office has rejected some of the committee's findings. danny shaw reports. a young life cut short. yousef makki from greater manchester died in march after being stabbed in the heart. he was only 17. the knife violence which led to the death of yousef and a growing number of other teenagers is described in a new report as an epidemic. the home affairs committee says young people are being failed by agencies and whitehall departments that are meant to keep them safe. teenagers are dying on our streets and families are being devastated. but the government's response is just completely inadequate. we have
the gambling commission says the company didn't have proper safeguards in place to stop customers sufferingays one customer lost almost £100,000 over two and a half years. borisjohnson is being urged to take personal responsibility for tackling the increase in youth violence across england and wales. mps on the home affairs select committee say the current strategy is completely inadequate and are calling on the government to reverse cuts to youth services and increase police numbers. the home...
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Jul 31, 2019
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the gambling commission says the company didn't have proper safeguards in place to stop customers suffering lost almost £100,000 over two and a half years. six people have now died in suspected drug—related incidents in south essex since monday. tests are being carried out to identify the exact substances involved but police believe the deaths are linked to class a drugs. public health england are urging drug users in essex to be extra careful. a group of mps has urged the prime minister to take personal responsibility for tackling the increase in youth violence across england and wales. mps on the home affairs select committee say the current strategy is completely inadequate and are calling on the government to reverse cuts to youth services, and increase police numbers. the home office has rejected some of the committee's findings. danny shaw reports. a young life cut short. yousef makki from greater manchester died in march after being stabbed in the heart. he was only 17. the knife violence which led to the death of yousef and a growing number of other teenagers is described in a new r
the gambling commission says the company didn't have proper safeguards in place to stop customers suffering lost almost £100,000 over two and a half years. six people have now died in suspected drug—related incidents in south essex since monday. tests are being carried out to identify the exact substances involved but police believe the deaths are linked to class a drugs. public health england are urging drug users in essex to be extra careful. a group of mps has urged the prime minister to...
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Jul 31, 2019
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the gambling commission says the bookmaker, over a three—year period, failed to put effective safeguardser one, aba yes, two stories today. number one, a ba strike more likely now that it has lost an appeal or legal bid to stop its pilots from actively going on strike. it has sought and injunction. they have lost an appeal, but it is by no means certain an action is going ahead. the union balpa would have to give 14 days' notice, and they have not today. talks are clearly continuing. the other big story today involves ryanair. we the other big story today involves rya nair. we have the other big story today involves ryanair. we have heard these reports that michael 0'leary, the chief executive, has recorded a video for their staff in which he warned that up their staff in which he warned that up to 1500 of theirjobs are at risk. we have not seen this video ourselves. it has been reported by the financial newswire bloomberg, though ryanair, spoke with speaking to them, has confirmed its authenticity. the messages that ryanair to many pilots and cabin crew right now, and by next summer, it
the gambling commission says the bookmaker, over a three—year period, failed to put effective safeguardser one, aba yes, two stories today. number one, a ba strike more likely now that it has lost an appeal or legal bid to stop its pilots from actively going on strike. it has sought and injunction. they have lost an appeal, but it is by no means certain an action is going ahead. the union balpa would have to give 14 days' notice, and they have not today. talks are clearly continuing. the...
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minister and it is a political gamble her hope is that the european parliament will vote tomorrow to give her a new job as the 1st female president of the european commission now that outcome is far from certain funded lyon faces skepticism from parliamentary groups who were angered at the way that she was foisted on the. by national leaders as a 3rd choice candidate so she has been on the charm offensive making promises hoping to win over lawmakers. keeping up with. it's not an easy task last week. she was on the move constantly meeting almost all of the political groups of the e.u. parliament. she needs to convince enough parliamentarians that she's the right woman for the commission presidency and that could be a problem especially with the social democrats in the european parliament. they've called her commitments to being and they dislike that fund and i and wasn't even one of the lead candidates especially the german social democrats are up in arms about the members of the social democratic group in the parliament has not taken a final decision yet i guess there are some that might still consider to vote for her any further questions and of those who
minister and it is a political gamble her hope is that the european parliament will vote tomorrow to give her a new job as the 1st female president of the european commission now that outcome is far from certain funded lyon faces skepticism from parliamentary groups who were angered at the way that she was foisted on the. by national leaders as a 3rd choice candidate so she has been on the charm offensive making promises hoping to win over lawmakers. keeping up with. it's not an easy task last...