UK bookmakers are failing to check the ages of young gamblers using FOBTs (fixed odds betting terminals) in their shops claim campaign group 38 Degrees.
Problem gambling costs the UK up to £1.2bn a year, according to a recent report commissioned by charity GambleAware. Up to 1.1% of the adult population are believed to have a gambling problem, with added strain being placed on the social welfare system.
The Gambling Commission has recently unveiled their new strategy to enforce stronger penalties for operators who do not adequately guard against money laundering, problem gamblers or who fail to provide a fair and adequate service.
The Gambling Commission have fined bookmaker William Hill more than £6 million after it found that the company had "failed to mitigate risks and have sufficient numbers of staff to ensure their anti-money-laundering and social responsibility processes were effective".
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) is a new regulator that has been set up by the government as part of a package of reforms to strengthen the AML supervisory regime in the United Kingdom.
Gambling providers are required by law to carry out identity checks to ensure that those gambling are of legal age and not linked to crime, money laundering or terrorism. Gambling operators must also adhere to local laws and ensure that those using their services meet geographic requirements.