Tag: LPT enforcement


Lithuania regulator fines Baltic Bet €330,600 for AML failures

The Lithuanian gambling regulator has issued a significant administrative fine against betting operator Baltic Bet in connection with failures to meet legal obligations to prevent money laundering and monitor customer activity. The penalty imposed by the Gambling Control Authority under the Ministry of Finance amounted to €330,600 and is among the larger sanctions in the Lithuanian gaming sector in recent years....

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