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Podcast: Compliance Clarified – a podcast by Thomson Reuters Regulatory Intelligence
Episode: Series 11, Episode 10: Domestic PEPs: Compliance lessons from the UK election gambling scandal
Description: In this last episode of series 11, Helen Parry, senior regulatory expert and Rachel Wolcott, senior editor, discuss the gambling scandal that enveloped the UK general election and cross over themes for compliance. Cheating is an offence under section 42 of the Gambling Act and betting firms are supposed to do enhanced due diligence on politically exposed persons (PEPs). Helen explains how recent enforcement actions against UK gambling firms around their failure to conduct enhanced due diligence on PEPs led to better controls that meant UK politicians using inside information to place bets on the general election date...