Paddy Power Betfair Fined after Stolen Cash is Gambled through Its Website Paddy Power Betfair fined after taken cash is gambled through its site 16 October 2018 Paddy Power Betfair has actually been fined ₤ 2.2 m for failing to stop taken money being bet through its website and for failing to secure clients showing indications of problem betting. The Gambling Commission said the bookie's failings meant "considerable quantities of taken cash flowed through their exchange". One consumer used cash defrauded from his company, Birmingham Dogs Home. Paddy Power Betfair apologised and said it had enhanced its treatments. The regulator stated Paddy Power Betfair's behaviour was simply not appropriate. A Gambling Commission examination, external likewise found that the bookmaker stopped working to adequately interact with clients who were showing indications of issue betting. "These failings all originate from one basic concept - operators must understand their client," said Richard Watson, Gambling Commission executive director. "If they understand their customer and ask the ideal questions then they put themselves in a strong position to fulfill their anti-money laundering and social responsibility 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 reduce gambling-related harm in the UK. Paddy Power Betfair president Peter Jackson stated: "We have an obligation to intervene when our clients reveal signs of problem betting. In these five cases our interventions were not efficient and we are very sorry that this happened. "In current years, we have actually invested in a comprehensive programme of work to reinforce our resources and systems in accountable gaming and consumer defense.