Gaming

Money laundering: EU ups online gambling risk to highest level

Thursday 03 de November 2022 / 12:20

⏱ 1 min read

(Malta).- The European Commission has released its third supra-national risk assessment of money laundering and terrorist financing. The 2022 edition is the third such risk Assessment. Online gambling is especially vulnerable to money-laundering and terrorism financing, as it is connected to the use of e-money and digital currencies. The risk level is at the highest possible risk. Several EU online operators have already implemented anti- money launderers' measures.

Money laundering: EU ups online gambling risk to highest level

The Commission has made a number of recommendations for EU member states. It recommends promoting a lower threshold of winnings subject to customer due diligence and regular training sessions for staff and compliance officers. It also recommends that players cannot hold multiple accounts with the same brand.

Land-based casinos were rated as of high vulnerability in 2019, but the classification was dropped to medium in 2022. The biggest risk for money laundering at a casino is infiltration, which is caused by staff connected with money-laundering schemes. Law enforcement agencies are still identifying some weaknesses in the current legal framework. For lotteries and gaming machines outside of casinos, the risk was classed as low. For bingo, it was the same as in 2018. It was considered to be high for poker and retail betting.

FATF has cracked down on gambling hubs. Malta was added to its "grey list" of jurisdictions under increased monitoring. Gibraltar was removed from the list earlier this year.

Categoría:Gaming

Tags: Sin tags

País: Malta

Event

SBC Summit 2026

29 de September 2026

What Onlyplay Learned at SBC Summit 2026

(Lisbon).- The event marked the first major offline presentation of Onlyplay’s refreshed brand, the introduction of Hyper Play, and a series of discussions highlighting the growing importance of partner relationships, service quality and post-launch support.

Wednesday 14 Oct 2026 / 12:00

Ready Play Gaming Highlights New Opportunities After SBC Summit 2026

(Lisbon, SoloAzar Exclusive).- Ready Play Gaming's Head of LATAM, Rocío Moitiño, analyzed the results of the company's visit to SBC Summit 2026, where she held meetings with operators and partners, presented new gaming proposals and identified opportunities to expand its international distribution.

Tuesday 13 Oct 2026 / 12:00

Uplatform Brought "Your Dreams. Our Platform" to Life at SBC Summit Lisbon 2026

(Limassol).- At Stand D215, Uplatform turned operator visions into reality during SBC Summit Lisbon 2026, blending standout experiential design with cutting-edge iGaming solutions.

Friday 09 Oct 2026 / 12:00