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United Kingdom · Question · Written question

HL HL3696

Gambling: Money Laundering

answeredUnited Kingdom· UK Parliament· EN

Introduced

3 November 2021

Last action

17 November 2021 · Answer

Status

Answered

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Discovery layer

Source updated

17 November 2021

Summary

To ask Her Majesty's Government how many times gambling companies have paid compensation for failing to prevent money laundering when an individual criminally convicted of theft used stolen funds to gamble; and what was the total amount paid by gambling c

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Timeline

  1. 3 November 2021

    Written question

    To ask Her Majesty's Government how many times gambling companies have paid compensation for failing to prevent money laundering when an individual criminally convicted of theft used stolen funds to gamble; and what was the total amount paid by gambling c

    Source: Lords

  2. 17 November 2021

    Answer

    The Gambling Commission can fine a gambling operator if a licence condition has been breached. In some circumstances, the Commission may decide to agree a regulatory settlement instead of issuing a fine. While fines are paid to the exchequer, regulatory s...

    Source: Written answer

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