Serious shortcomings in due diligence and risk assessment resulted in Malta’s Financial Intelligence Analysis Unit (FIAU) fining the St Julian’s casino
FIAU conducted an investigation that uncovered a serious need for an overhaul in Casino Malta’s internal procedures, especially ones concerning risk assessment, but other administrative shortcomings were also heavily outlined in the resulting report.
Multiple Breaches Established in FIAU Investigation
According to information from Malta Today, FIAU’s investigation found that the Eden Leisure Gaming-owned St Julian’s casino systematically failed in enhanced due diligence processes, especially with identifiable high-risk players. The report has it that this was evident in around 28% of the cases that FIAU reviewed during its investigation.
FIAU conducted an investigation that uncovered a serious need for an overhaul in Casino Malta’s internal procedures, especially ones concerning risk assessment, but other administrative shortcomings were also heavily outlined in the resulting report.
Multiple Breaches Established in FIAU Investigation
According to information from Malta Today, FIAU’s investigation found that the Eden Leisure Gaming-owned St Julian’s casino systematically failed in enhanced due diligence processes, especially with identifiable high-risk players. The report has it that this was evident in around 28% of the cases that FIAU reviewed during its investigation.
