Malta-licensed online gambling operators broke a record for suspicious transaction reports (STR) in 2019 and are well on pace to break that record this year.

Malta’s Financial Intelligence Action Unit (FIAU) recently released its report on STRs issued last year by remote gaming licensees of the Malta Gaming Authority (MGA). The reports were submitted to the FIAU’s Compliance and Supervision Platform for Assessing Risk (CASPAR), with which all MGA remote licensees are required to register.

The FIAU received 1,445 STRs from online operators in 2019, more than twice the 700 received in 2018, which was itself more than triple the 218 received in 2017. As of May 2020, the FIAU had received 741 STRs, putting the current year on pace to break 2019’s record.

Nearly one-third (32%) of 2019’s STRs were submitted by just three companies, while another 35% were submitted by five different companies. The remaining 33% of STRs were submitted by 72 entities, with 29 online licensees filing one STR apiece. Just over one-quarter (26%) of licensees submitted zero STRs last year.