MALTA’S TOP CASINO COMPANY PUNISHED FOR AML/CFT CONTROL FAILINGS
April 1st, 2021
MALTA’S only multiple casino operator has been fined over serious AML/CFT failings, with the country’s Financial Intelligence Analysis Unit (FIAU) ordering Tumas Gaming Ltd to undertake AML control reforms.
The company must pay EUR233,156 for breaching the country’s Prevention of Money Laundering and Funding of Terrorism Regulations.
The FIAU listed in detail weaknesses in how Tumas failed to properly screen gamblers for possible links to crime.
It “did not take into consideration the extent of untraced cash drops and the repercussions of possibly ...
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