EGBA Seeks Walletto Probe Over Payments to Unlicensed Gambling Sites in Lithuania
Updated
Updated · Bloomberg · Jul 10
EGBA Seeks Walletto Probe Over Payments to Unlicensed Gambling Sites in Lithuania
1 articles · Updated · Bloomberg · Jul 10
Summary
A confidential complaint filed last month asks Lithuania’s banking regulator to investigate Walletto over alleged payment processing for illegal online casinos.
EGBA says the electronic money institution provides services to unlicensed gambling websites, which it argues breaches EU and national anti-money laundering rules.
Bloomberg said it reviewed the complaint, underscoring a widening push by licensed European gambling operators to choke off payment channels used by unregulated rivals.