The Ministry of Finance is investigating "Goryllabet" due to suspicions of money laundering

The Ministry of Finance is investigating "Goryllabet" due to suspicions of money laundering

The Ministry of Finance of Ukraine has initiated an investigation into the activities of the company "Goryllabet" — a licensed online casino operator.

The basis for the investigation was suspicions regarding possible violations of legislation in the field of prevention of legalization of proceeds from crime, financing of terrorism, and proliferation of weapons of mass destruction.

The Ministry of Finance noted that the investigation is being conducted within the ministry’s competence and is based on a risk-oriented approach to oversight. Special attention is paid to entities with an increased risk of offenses, and the company "Goryllabet" has already been included in the risk assessment.

The investigation is currently ongoing.

The gambling market is also overseen by the PlayCity agency, which replaced KRAIL and is responsible for licensing and monitoring the activities of gambling operators.