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Wirecard processed transactions for a Malta-based online casino that was later found to have laundered funds for the ’Ndrangheta mafia organisation, the Financial Times reported Monday.
Italian courts determined that the gaming company, Malta-based CenturionBet, was used by an arm of the ’Ndrangheta to launder millions of euros in criminal profits outside of Italy, the FT said. The Calabrian mafia group is considered to be among the powerful criminal groups in the world and is believed to be funded by cocaine trafficking, extortion, arms smuggling and other crimes.
NetEnt AB is responsible for a live casino studio in the Maltese community of Qormi and revealed in June that it was being bought by Evolution Gaming Group AB as part of an around $2.12 billion all-share deal. The slots machine, often known as the “one armed bandit”, became an Casino Maltese Malta icon of modern online gaming. At Slotomania, you can start playing your favorite slot games with crazy graphics, top of the line sound Casino Maltese Malta effects, and hundreds of variations to choose from. Casino Maltese, Valletta: See 8 unbiased reviews of Casino Maltese, rated 5 of 5 on Tripadvisor and ranked #196 of 286 restaurants in Valletta. A Maltese online casino which has been linked with money laundering for the ’Ndrangheta, one of Europe’s most dangerous mafia organisations, used Wirecard to process its payments, the.
Wirecard provided financial services to CenturionBet until Maltese authorities revoked its gambling license in 2017, according to the report. The online casino, which had been incorporated in Malta but was owned by a Panamanian shell company, ultimately closed down following a subsequent police raid that resulted in the arrests of 68 people.
Since the raid, more than 30 people have been convicted for mafia-related crimes tied to the case, according to the report.
While Wirecard’s revenue from its relationship with CenturionBet accounted for only a small fraction of its broader operations, the Maltese company was not the only client of its kind for the German fintech.
Wirecard separately processed payments for another large gambling company in Malta that was later accused by Italian authorities of laundering funds for organised crime groups, the FT said.
A former Wirecard staff member told the newspaper that the German fintech conducted a compliance review of the second Maltese firm following news reports of its alleged mafia links, but the company passed the review on the basis of assurances it provided at the time.
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Wirecard declined to comment to the Financial Times.
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