Compliance News, EU/Europe, Gaming
A remote gaming operator in Malta has been reprimanded for elements of its risk assessment that didn’t meet national standards.
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US Department of Justice
What are the key takeaways? ▶️ Criminal networks exploit financial systems through both traditional and emerging methods to launder illicit funds. ▶️ Illicit financial flows weaken the financial system and economic potential of countries and divert resources that are needed to finance public services such as health, education, justice and security. ▶️ By promoting payment integrity, through proportionate measures, we can both support financial inclusion and make the international financial system a defensive shield against terrorists and criminals. "It is our job to stay ahead of the threat. As criminals evolve, so must we." - Violaine Clerc.
SEC
