MALTA: AML FAILINGS COST SWEDISH-FACING GAMBLING COMPANY 50 JOBS

On 24th August, the Times of Malta reported that Ta’ Xbiex Global Gaming – a Swedish company established on the island in 2014 – had laid off half its employees.  This followed the revocation by the Swedish authorities of an online gambling licence over alleged “serious deficiencies” in business practices, including failings related to responsible gambling and AML measures.

https://timesofmalta.com/articles/view/anti-money-laundering-failings-cost-firm-50-jobs.730489

This blog is primarily for my own use, to keep informed and up to date.  However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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