Casino Malta Ltd pays €233,834 for extensive AML failings

A bricks and mortar casino operator in Malta was ordered to pay €233,834 (US$250,565), on 3 March, after the jurisdiction's Financial Intelligence Analysis Unit found widespread breaches of the Prevention of Money Laundering and Funding of Terrorism Regulations during a supervisory review in 2019.

A bricks and mortar casino operator in Malta was ordered to pay €233,834 (US$250,565), on 3 March [2023], after the jurisdiction's Financial Intelligence Analysis Unit (FIAU) found widespread breaches of the Prevention of Money Laundering and Funding of Terrorism Regulations (PMLFTR) during a supervisory review in 2019. [1]