The Lithuanian Gambling Control Authority has fined lottery operator UAB New Miracle following a ruling on violation of money laundering and terrorist financing rules.
The Office investigated the operator’s activities in 2019 and 2020, revealing a number of shortcomings in the process.
According to the Office, UAB New Miracle was unable to properly identify and verify customers prior to entering into a business relationship, while the operator was also unable to verify if there are players who required extended identification upon registration.
The Office also stated that UAB New Miracle does not have appropriate internal policies and internal control procedures to ensure effective prevention of money laundering and terrorist financing, as required by Lithuanian law.
As a result, the Office imposed a fine of EUR 10,000 and ordered UAB New Miracle to amend its activities no later than June 7th.