Warning Issued to Olympic Casino in Lithuania Over AML Compliance Gaps

The Lithuanian Gaming Supervisory Authority has concluded a scheduled inspection of betting and casino operator UAB Olympic Casino Group Baltija, identifying shortcomings related to the organization of anti-money laundering and counter-terrorist financing (AML/CFT) measures.

According to an order issued on February 12, 2026, by the Director of the Supervisory Authority, it was established that between January 16, 2025, and September 2, 2025, the company did not have a formally appointed primary person responsible for organizing the implementation of AML/CFT measures. This constituted a breach of the Law on the Prevention of Money Laundering and Terrorist Financing of the Republic of Lithuania.

Although the company had appointed an individual responsible for implementing certain AML/CFT measures, it had failed to formally designate a person responsible for organizing and coordinating their overall implementation, as required by law.

After assessing all relevant circumstances, the authority noted that:

AML/CFT-related functions were being carried out in practice;

The violation was remedied during the inspection;

No unlawful income or damage resulted from the breach;

No intentional misconduct was established;

The company actively cooperated with the Supervisory Authority.

Based on these factors, the violation was classified as minor, and no financial sanctions were imposed on the company.

However, the regulator warned that if the same violation is repeated within one year—even if considered minor—the sanctions предусмотрed under AML/CFT legislation will be applied.

The decisions adopted by the Supervisory Authority are not final and may be appealed in accordance with the procedure established by Lithuania’s Law on Administrative Proceedings. Potential violations of AML/CFT legislation may also be reviewed by the competent commission, which is authorized to assess and propose fines and determine their amount.

All official decisions are publicly available on the regulator’s website.