Anti-Financial Crime & Financial Crime Compliance
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AML, Gaming, MEA, UK

NEWS: KYC and AML failings at gaming giant 888 lead to resignation of CEO Itai Pazner

GIBRALTAR REVIEW: Controls in relation to KYC obligations were found to be ineffective in some areas, with failures to properly record and verify address details in certain cases. This weakened the potential effectiveness of PEPs, sanctions and adverse media checks.

THE CEO of gambling company 888 Holdings is to stepping down over AML and KYC failings at the UK firm. Chief Executive Officer Itai Pazner will step down immediately, the giant British bookmaker said on Monday. It also said it was suspending VIP activities in the Middle East pending an internal investigation. Certain practices were…

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