In Malta, A Record Fine Was Discharged To The Gambling Operator

The gambling regulator malta was discharged a penalty of record-dimensions for providing gembling-services to users without special permission. The size of the sanction amounted to €2.3 million.

Maltese gambling regulator (mga) stated that blackrock media ltd paid a fine of record sizes – €2.34 million. The reason for the introduction of such a tough measure was the fact that the company provided gembling services without having a special permission from the regulator.

Violation was identified during a joint investigation conducted by mga and the police. It witnessed that blackrock is engaged in processing custom payments for the operation of gambling services that were not authorized properly.

According to malta today, blackrock media belongs to the dutch firm blackrock entertainment n.V that owns the brand online casino wild sultan. The owner of the company was named anthony deboono.

Parliamentary secretary of financial operations in malta silvio shembri made a statement that similar off the intestanness of the gambling regulator. Shembri also noted that the gambling regulator witnesed the council of the recommmendations of the council of the europe to combat money laundering.

The authority reported that due to the lack of financial and human resources, malta is not sufficiently included in the fight against money laundering. The report also contains information by malta are not effective by malta are not effective without specifying the final beneficiary of intruder companies.

The state was invited to provide an additional report on the work done in this direction in december 2020.

Indition, it became known that mga suspended the license of zero seven gaming ltd.

Recall that malta in the 2018th recalled eight gambling licenses.