Paddy Power Betfair Fined after Stolen Cash is Gambled through Its Website Paddy Power Betfair fined after taken cash is gambled through its website 16 October 2018 Paddy Power Betfair has actually been fined ₤ 2.2 m for failing to stop stolen cash being gambled through its website and for failing to safeguard clients showing indications of issue gaming. The Gambling Commission stated the bookmaker's failings implied "considerable amounts of taken money flowed through their exchange". One customer used cash defrauded from his company, Birmingham Dogs Home. Paddy Power Betfair apologised and stated it had actually strengthened its treatments. The regulator stated Paddy Power Betfair's behaviour was merely not acceptable. A Gambling Commission investigation, external likewise found that the bookmaker stopped working to properly communicate with consumers who were displaying indications of issue gambling. "These failings all come from one easy concept - operators should know their client," said Richard Watson, Gambling Commission executive director. "If they understand their client and ask the right concerns then they put themselves in a strong position to satisfy their anti-money laundering and social duty commitments." 'Very sorry' As part of the settlement, Paddy Power Betfair will make a ₤ 1.7 m payment to GambleAware, the independent charity that commissions research study, education and treatment services to minimize gambling-related damage in the UK. Paddy Power Betfair president Peter Jackson stated: "We have a duty to step in when our consumers show signs of issue gambling. In these five cases our interventions were not effective and we are really sorry that this took place. "In recent years, we have actually purchased an extensive program of work to reinforce our resources and systems in accountable gaming and customer protection.