Updated March 2026
ResolvedReference SV-2026-0009aml-failures

Petfre (Gibraltar) Ltd / Betfred £3.25m UKGC fine — AML failures

Filed against Betfred

Player
UKGC enforcement (multiple complainants)
Disputed
£1m-£10m (fine amount)
Filed
1 October 2023
Resolved in
492 days

Player's complaint

Petfre (Gibraltar) Limited, the licensed entity behind Betfred's online operations, was fined £3.25 million by the UK Gambling Commission in 2025 for AML failures. The cited cases included high-spending customers whose deposit patterns warranted source-of-funds checks earlier than the operator applied them, with one customer reportedly depositing significant sums over several months without the level of verification the operator's own AML policy required.

Betfred response

Betfred accepted the fine, paid in full, and detailed the operational changes made including additional staffing in the AML monitoring team.

See all complaints against Betfred