Italy’s FIU Cracks Down on Gambling Firms Amid Money Laundering Concerns
Italy’s top anti-money laundering (AML) authority, UIF (Unità di Informazione Finanziaria), has launched a targeted initiative aimed at gambling companies following a worrying decline in suspicious activity reports (SARs) filed by the sector. The move comes after data revealed a 25% drop in SAR submissions from gaming services during the first half of 2024 compared […]
The Origins: LOTTOTECH and White-Label Lottery Platforms
The underlying lottery betting technology traces back to Tradologic, a Sofia-based software developer known for binary options platforms. In 2014, individuals associated with Tradologic launched the LOTTOTECH project (www.lottotech.com), aiming to create a “White Label Lottery Platform” supported by a strong affiliate ecosystem branded as “LottoPartners.” The project was reportedly structured through Dreams Partner Solutions […]