The culprits are Fortaprime SRL and Novatech, which have allegedly provided Dutch players and unobstructed access to their platforms despite not having a licence in the Netherlands.
KSA agents were reportedly able to freely create a player account, deposit funds and play on multiple domains hosted by both offshore operators. A number of other severe breaches were noted by the regulator, such as a lack of visible age verification in place and the option to pay in crypto – a major red flag when it comes to facilitating money laundering.
Dishing out the fines, the regulator has based the amount on the turnover of both parties, adding that they would’ve been much higher if it wasn’t for the current maximum cap of 10% on turnover set within Dutch legislature.
Fortaprime has been handed a bill for €1.8m (£1.6m), while Novatech was..