PokerStars OWNER ENTERS $4 MILLION SETTLEMENT WITH SEC OVER RUSSIA PAYMENTS

On 6 March, the Wall Street Journal reported that Flutter Entertainment, owner of PokerStars and other popular gambling brands, will pay $4 million to settle allegations that the handling of payments to Russia-based consultants violated the FCPA foreign bribery law.  The alleged violations were said to be committed by PokerStars’ previous owner, the Stars Group.  Flutter withdrew from Russia after the 2022 invasion of Ukraine, according to the SEC.

https://www.wsj.com/articles/pokerstars-owner-enters-4-million-settlement-with-u-s-over-russia-payments-a7790dd9

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 View all posts by raytodd2017