In Lithuania, the Gaming Supervisory Authority (LPT) has issued a fine of €330,600 ($390,100) to online operator, Baltic Bet.
The LPT conducted an investigation and found that Baltic Bet has not been maintaining the proper monitoring processes to ensure compliance with anti-money laundering and terrorist financing laws.
In the course of the investigation it was seen that the company was not properly collecting and assessing information about its clients and the origins of the funds being used for gambling.
The operator has been a fairly regular recipient of enforcement action over the past few years, though the penalty suffered on this occasion is far greater than any levied in the past.
In June 2025, Baltic Bet was made to pay just under €30,000 for violating the country’s gaming laws in cancelling five bets ‘unreasonably.’
A similar amount was collected at the end of 2024 for the same offence.
The far steeper fine imposed on this occasion reflects perhaps the frequency of infraction and the severity of the newly identified offences.
It seems that the amount could have been larger – in the announcement by the Lithuanian authority it is acknowledged that the size of the fine took into account mitigating circumstances, such as Baltic Bet’s ready cooperation with the inspection.
The decision is not necessarily final and Baltic Bet will have the opportunity to appeal the fine if it so chooses.
The LPT has reiterated that it annually organises training for gambling and lottery operators to ensure that AML and counter terrorism financing measures are in place and being executed properly.
Baltic Bet was fined €16,705 in 2023 for publishing information on its website encouraging people to gambling, contravening national gambling laws
