CEO Itai Pazner stepped down amid a probe into whether some of the British gambling group’s VIP accounts violated money-laundering policies
The company suspended VIP customer accounts in the region after it found that “know your client” best practices for its highest-value gamblers weren’t followed, it said in a statement on Monday.
888 said it believes the “process deficiencies” are isolated to its Middle East market and that the suspension of VIP activities will reduce revenue by less than 3%...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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