GVC Fined £5.9 Million For Failings at Ladbrokes Coral

The UK Gambling Commission has fined GVC about £5.9 Million for failings in anti-money laundering systems and problem gambling protections at Ladbrokes Coral. The fines are one of the largest ever levied by the regulator and the company agreed to pay £5.9 Million in a settlement. Of the settlement, £4.8m will go to initiatives to prevent problem gambling and £1.1m to victims of crimes used to fund gambling.