Finland: Gaming company fined 50,000 euros for money laundering

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February 28 2018

Åland-based gaming company Paf has been sentenced to pay a fine of 50,000 euros for negligent money laundering.

One of the company’s clients had placed bets with Paf for years using money she had defrauded. According to the Åland District Court, Paf acted negligently by not looking into where the money originated from even though it was known to the company that the client was employed as a bookkeeper.

land-based gaming company Paf has been sentenced to pay a fine of 50,000 euros for negligent money laundering.

One of the company’s clients had placed bets with Paf for years using money she had defrauded. According to the Åland District Court, Paf acted negligently by not looking into where the money originated from even though it was known to the company that the client was employed as a bookkeeper.