AML Compliance For Gambling Businesses - Case Study

This case study provides information on how the Sanction Scanner helps to gambling businesses to ensure AML and KYC compliance. Loistokasino is an online gambling business in Malta and provides online casino services. Loistokasino aims to provide the most transparent and user-friendly experience in the iGaming world.

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AML Compliance For Gambling Business - Loistokasino

About Online Gambling Industry

The online gambling industry has grown rapidly over the past decade. The development of people's access to the Internet has changed people's habits. Thus, people began to prefer the online gambling industry, which they can access regardless of location. As technological developments improve the service and security levels of organizations in the online gambling sector, the market is expected to grow further and the number of online casinos will increase. 

AML Regulations for Gambling Business

The rise of online gambling has brought with it a wealth of opportunities not only for players and operators but also for criminals. The globalization and online accessing of the online gambling industries have created financial crime risks.

AML Fines imposed on Gambling 


On the regulators' side, the controls and penalties imposed on casinos and betting companies increase year by year. In 2019, betting companies that did not take the necessary measures to prevent money laundering in the UK were fined £ 19.7m. The largest of these fines, £ 7.1m, shows how great the negligence in the AML compliance process will have. In addition, a gambling company was fined €2.34 by the Malta Gaming Authority (MGA) in 2020. 

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