Betfred hit with $1.1M fine by the Gambling Commission

Betfred have been hit with an £825,000 ($1.1 million) fine by the Gambling Commission due to money laundering and social responsibility failures.

The operator, owned by Done Brothers (Cash Betting) Limited, will also receive a warning and will have to undergo a third-party audit, ensuring the company is effectively implementing policies and procedures regarding money laundering and safer gambling.

Done Brothers (Cash Betting) Limited will pay £825,000 after a Commission investigation revealed social responsibility and anti-money laundering failures.

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