Baltic Bet Fined €330,600 in Lithuania for Anti-Money Laundering Failures

Lithuanian Regulator Sanctions Baltic Bet Over AML Breaches

Baltic Bet, a gambling operator owned by the Entain group and known for its Optibet brand, has been fined €330,600 by Lithuania's Gambling Supervisory Authority (LPT). The substantial penalty was imposed due to the company's failure to comply with anti-money laundering (AML) regulations, with the decision announced on February 2, 2026.

Details of Compliance Failures

An investigation by the LPT revealed several critical shortcomings in Baltic Bet's AML procedures. The regulator found that the company:

• Accepted customer deposits without conducting adequate identity checks.
• Failed to verify the origins of funds deposited by its customers.
• Did not properly collect and evaluate essential information about its customers and their fund sources, which is crucial for monitoring gambling activity.
• Exhibited weaknesses in its risk profiling, which hindered its ability to detect potentially unusual transactions at an early stage.

These failures represent a breach of the Lithuanian Law on the Prevention of Money Laundering and Terrorist Financing (AML/CFT), which mandates gambling operators to gather and assess customer information and fund origins, as well as continuously monitor customer behavior for consistency with declared financial circumstances.

Previous Regulatory Actions and Future Steps

This is not the first instance of Baltic Bet facing regulatory action in Lithuania. The company was previously fined €16,705 in June 2023 for breaching rules related to promoting gambling to consumers. Additionally, it received a €30,000 fine in 2024 for issues concerning disputed bet cancellations, and a €12,450 fine in October 2021 for other gaming regulation breaches.

Despite the severity of the current AML fine, the LPT noted that the penalty was reduced due to Baltic Bet's cooperation during the investigation. The operator retains the option to appeal the ruling. This action underscores the growing regulatory scrutiny on gambling operators in the Baltic region to ensure robust AML controls and customer due diligence.