The Lithuanian Gaming Control Authority has fined UAB New Miracle over anti-money laundering failings.
Lithuania.- The Lithuanian Gaming Control Authority has fined the lottery operator UAB New Miracle €10,000 for breaches of anti-money laundering and terrorist financing regulations.
The Lithuanian regulator identified a series of failings in the operator’s processes during an investigation of its activities in 2019 and 2020.
It found that UAB New Miracle failed to properly verify customers’ identities or to check whether players required enhanced identification checks.
The operator also lacked sufficient, legally required, internal policies and control procedures to prevent money laundering and terrorist financing.
As well as issuing a fine, the regulator ordered UAB New Miracle to amend its processes by June 7.
The Lithuanian gambling regulator issued its first fine against a gaming operator in March, fining an operator for placing betting limits on a customer. It has also fined an employee at a digital media business for placing illegal gambling adverts.
The regulator recently stepped up its action against unlicensed online gambling operators, warning that it would block access to websites if operators continued to offer services without a licence.