Gambling Commission says firm failed to protect customers and has flaws in money-laundering controls
The bookmaker Betfred has been fined nearly £2.9m for failings in its social responsibility and money-laundering controls, after accepting tens of thousands of pounds from gamblers without performing adequate safety checks.
One customer was allowed to lose £70,000 over a 10-hour period just a day after opening their account, the Gambling Commission said.
