William Hill let new Customer Bet ₤ 23,000 In 20 Minutes William Hill let brand-new consumer bet ₤ 23,000 in 20 minutes ByNick Edser Business reporter Three gambling companies owned by William Hill are to pay penalties of ₤ 19.2 m for failing to safeguard consumers and weak anti-money laundering controls. The record charge comes after the Gambling Commission discovered brand-new customers had the ability to wager large amounts over short durations without proper checks. In one case, a consumer was allowed to open a brand-new account and spend ₤ 23,000 in 20 minutes with no checks. The commission "seriously thought about" suspending William Hill's licence. It found numerous failures to secure against possible money laundering, with clients enabled to deposit large quantities without the company performing suitable checks. A single person had the ability to spend and lose ₤ 70,134 in a month, while another deposited ₤ 73,535 and lost ₤ 14,068 in four months. "When we launched this investigation the failings we revealed were so prevalent and alarming serious consideration was provided to licence suspension," said Andrew Rhodes, the Gambling Commission's primary executive, said: "However, due to the fact that the operator right away identified their failings and dealt with us to quickly carry out enhancements, we instead went with the largest enforcement payment in our history." Under the conditions of wagering companies' licences, business must perform checks to determine and get in touch with consumers who may be at danger of damage from gaming. They should likewise check that the cash being utilized to gamble comes from a genuine source and is not related to, or being utilized to support, criminal activity.