Vivaro Ltd is a Malta-based remote gaming operator that has been fined a record €733,160 by the Financial Intelligence Analysis Unit (FIAU) for violating 10 different provisions of the law. The company had shortcomings in linking player profiles, monitoring activity, and implementing correct source of wealth and source of funds measures. The company's risk assessment was deemed inadequate, and it failed to consider risks from non-reputable jurisdictions, countries subject to international sanctions, and Politically Exposed Persons. Mitigation measures were not applied in practice.

Vivaro Ltd

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Vivaro Ltd