Compliance Updates
Vixio Finds Over €36m in AML Fines Issued in Europe in the Last Year
Vixio, a leading provider of regulatory intelligence solutions, is proud to announce its Anti-Money Laundering (AML) Outlook, which found that regulators are cracking down on money laundering weaknesses with severe consequences, totaling over €36m in fines from March 2024 to March 2025 in Europe alone.
Vixio’s AML Outlook examines the challenges of complying with AML requirements in jurisdictions around the world, outlines regulators’ efforts to thwart criminal activity, and considers how payments and gambling firms can prevent being caught up in money laundering scandals.
The report found that in the last year, in the European area alone, there have been around 30 enforcement actions from regulators fining payments and e-money firms for falling short in their adherence to AML/CTF rules.
Financial institutions found to have money laundering weaknesses face profound consequences, with prosecutors and regulators alike generally unwilling to be empathetic on this matter. For example:
- In March 2025, Germany’s regulator, BaFin, fined Ratepay €25,000 over suspected money laundering.
- In February 2025, Estonia’s Money Laundering Data Bureau revoked B2BX Digital Exchange OÜ’s licence for failing to implement proper customer due diligence, transaction monitoring and risk assessments.
- The Bank of Lithuania, meanwhile, revoked Foxpay’s licence in November 2024 for systemic AML/CTF and governance failures, including fund mismanagement and conflicts of interest.
John Gidla, Head of Payments Compliance, Vixio, explains, “Although AML compliance involves significant costs for payments firms – including investment in transaction monitoring systems, customer due diligence (CDD) processes and ongoing staff training – the consequences of failure can be significant. In addition to financial penalties, failing to prevent money laundering can severely damage a firm’s reputation, leading to loss of customers, partners and investor confidence. Maintaining a strong compliance framework is crucial for preserving trust and long-term business viability.”
Until now, the EU’s AML enforcement has been more fragmented, but the EU’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) could be a significant step towards addressing AML enforcement and closing gaps that criminals have been exploiting for years.
Regulatory scrutiny means that firms need to implement know your customer (KYC) procedures, monitor transactions on their systems for suspicious activity and report concerns through suspicious activity reports (SARs) to the relevant authorities.
The post Vixio Finds Over €36m in AML Fines Issued in Europe in the Last Year appeared first on European Gaming Industry News.
Armenia accelerated one of the most aggressive gambling regulatory reforms in Eurasia after approving new measures to control digital platforms, advertising, payments and financial supervision across the betting sector. The strategy promoted by the government of Prime Minister Nikol Pashinyan aims to strengthen legal gambling operations, increase fiscal oversight and tighten control over offshore operators in a market that has expanded dramatically over the past decade.
The reform is being driven by the Ministry of Finance of Armenia led in 2026 by Vahe Hovhannisyan, together with the State Revenue Committee headed by Rustam Badasyan. The main political architect behind the changes is MP Hayk Sargsyan from the ruling Civil Contract party.
The core of the reform focuses on payments and financial monitoring. Armenia plans to block transfers to unlicensed gambling operators, strengthen AML/KYC requirements and connect licensed platforms directly to state monitoring systems operating in real time. Armenia is advancing the software operator selection for its centralised gaming monitoring center, following the legal framework established in early 2024 to connect platforms directly to state systems in real time.
The 2026 update focuses on accelerating the public tender for the private operator, rather than the initial creation of the monitoring infrastructure, with the State Revenue Committee (SRC) leading the technological implementation. The fiscal framework is also becoming stricter. Since July 1, 2025, Armenia has applied a 10% turnover tax on gambling operations, while online gaming license costs doubled in April 2025 and are scheduled to continue increasing annually through 2028.
According to official figures cited by lawmakers, Armenia’s gambling turnover reached approximately AMD 6.3 trillion in 2023, equivalent to nearly €14 billion, while online casino deposits climbed to AMD 811 billion during 2024.
The government also tightened gambling advertising restrictions, limiting promotions to luxury hotels, border checkpoints and authorised operator channels. Armenian authorities argue that the new regulatory model is designed to protect legal operators, reinforce financial traceability and modernise state supervision over one of Eurasia’s fastest-growing digital industries.
The post Armenia Launches Sweeping Gambling Payment Reform appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
The UK Gambling Commission (UKGC) has officially extended the deadline for licensed remote operators to implement Phase 2 of the new deposit limit regulations.
In October 2025 the first phase of improvements to tools that help consumers to manage their gambling were introduced in the Remote Technical Standards (RTS) with the second phase due to be introduced on 30 June 2026.
Following stakeholder feedback, the Commission has extended the implementation period of the second phase to the end of September 2026 to allow for further operator technical development time.
From 30 September 2026 operators must:
• offer gross deposit limits to customers, and in some cases re-introduce gross deposit limits to the options available to customers
• name gross deposit limits as “deposit limits” – only this type of limit can be called a “deposit limit”
• offer gross deposit limits with at least equal prominence as other types of financial limit.
“We have also updated our consultation response document to clarify that to ensure consistency across the industry, from 30 September 2026 only gross deposit limits must be offered over fixed time frames. Rolling and fixed time frames can be used for other limit types,” the UKGC said.
“In preparation for implementation operators are asked to refer to the Remote Gambling and Software Technical Standards: Consultation Response and linked annex for the RTS 12 in full effective from 30 September 2026.
“All operators are advised that an annex initially published alongside the supplementary consultation response on 7 October 2025 contained small errors and was temporarily removed from our website. Any downloaded or offline versions of the Annex saved prior to 22 May 2026 should be disregarded.”
The post UKGC Extends Phase 2 Deposit Limit Regulation Deadline to September 2026 appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Coljuegos has officially authorized MrYoker as Colombia’s newest regulated online sports betting and casino operator.
It is estimated that, over the next 5 years, the new operator will obtain revenues close to $2.83 billion.
Through concession contract C2261 of 2026, Coljuegos authorized the entry into operation of the portal www.mryoker.co, a site where sports betting and online games can be carried out legally and monitored by the entity.
The online gaming sector is experiencing one of its best periods, thanks to the industry revitalization strategy implemented during the current administration. With MrYoker, there are now 15 authorized operators in Colombia.
The new portal belongs to the company Global Vitxo SAS, and will initially be able to offer live casino, virtual slot machines, and sports betting until 2031.
According to the projections presented, it is estimated that, for the next 5 years, this operator will contribute approximately $27.282 billion in monopoly revenues and administrative expenses, resources that will go directly to finance the subsidized health system.
It is worth mentioning that, during 2026, online betting portals have contributed $253.224 billion to Coljuegos in terms of exploitation rights, and it is expected that, by the end of the year, these transfers will exceed $450 billion.
The post Coljuegos Authorizes MrYoker as Colombia’s Newest iGaming Operator appeared first on Americas iGaming & Sports Betting News.
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