Lithuanian Authority Penalises Baltic Bet with €330,600

By Arijit Roul - 4 Feb, 2026 More about the author

Business, Companies

The Lithuanian Gaming Supervisory Authority fined the operator five times in five years over AML terrorist financing breaches.

Key Points

Regulators recorded the operator’s fifth enforcement outcome in the market.
The €330,600 amount surpasses every earlier fine issued to Baltic Bet.
Inspectors detected failures in customer oversight and fund origin verification.

Lithuania’s Gaming Supervisory Authority, LPT, imposed a €330,600 sanction on Baltic Bet. The action followed regulatory checks focused on compliance obligations. LPT investigators concluded the operator failed to maintain effective AML monitoring systems. Inspectors observed limited controls addressing terrorist financing prevention requirements. Evidence showed incomplete collection and evaluation of customer identity information. Authorities also identified a weak assessment of funds used for gambling activities.

Baltic Bet has received enforcement measures several times in recent years. Still, this penalty exceeds all previous sanctions recorded against the operator. The regulator imposed the same penalty amount in late 2024 for identical conduct. This increased fine reflects repeated violations and confirmed regulatory breaches. Regulatory statements acknowledged the potential for a higher penalty figure.

Mitigating factors reduced the amount, including cooperation during the inspection process. The ruling remains open to legal challenge under Lithuanian procedures. Baltic Bet retains the right to appeal the fine decision. Separately, LPT confirmed yearly training sessions for gambling and lottery operators. These sessions support AML and counter terrorism financing compliance execution.