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British bookmaker Corbett has been hit with a large fine of nearly £700,000 ($906,000) for reportedly not doing enough to promote responsible gambling and prevent money laundering.
The company has agreed to pay £686,070 ($888,193) after the UK Gambling Commission found serious flaws in its anti-money laundering and safer gambling policies.
Corbett, which runs 36 betting shops across Britain, failed to step in when customers were gambling large sums in short periods. In one case, a customer was able to bet £47,000 ($61,000) and lose £14,000 ($18,000) over eight months without the company checking where the money was coming from. Another customer placed 56 bets in four hours, losing £3,523 ($4,563).
Corbett Bookmakers Limited will pay £686,070 for social responsibility and anti-money laundering failures.
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— Gambling Commission (@GamRegGB) March 20, 2025
The bookie was also accused of failing to identify a consumer, who staked £23,674 in a 13-day period, as “someone who may be at risk of or experiencing harms associated with gambling.”
John Pierce, director of enforcement at the Gambling Commission, stated: “This operator has failed to adhere to vital regulations designed to make gambling safer and free from criminal activity.
“As a result, it will not only pay a significant fine but also undergo a rigorous audit to ensure full compliance with anti-money laundering and safer gambling measures.”
He added: “In addition to the remedial actions already taken, we expect the operator to swiftly and fully implement the audit recommendations, demonstrating clear and measurable improvements in both policy and practice. Failure to do so will prompt our compliance team to reassess the situation and take further action as necessary.”
“All operators should carefully consider this case and the price this operator is now paying.”
Corbett Bookmakers’ ongoing issues
Corbett Bookmakers’ failings happened between February 2022 and May 2024, which is the second time the company has been caught breaking anti-money laundering and responsible gambling rules.
In September 2022, Corbett had already been fined £216,000 ($280,000) for similar violations. Less than two years later, they’re facing an even bigger penalty for not fixing the issues.
Featured image: Canva
