Casino Malta fined €233,834 for AML and CTF breaches.
Casino Malta has been fined €233,834 (£206,633/$249,510) for a host of anti-money laundering and counter-terrorist financing (AML/CTF) failures. Malta’s Financial Intelligence Action Unit (FIAU), a government agency responsible for combatting money laundering and terrorist financing, fined Casino Malta for a lack of due diligence and inadequate risk assessment procedures. Referring to one case, the FIAU