Isle of Man Police Raid Online Gambling Firms in Money Laundering Investigation

Large-Scale Investigation Targets Two Companies

Authorities in the Isle of Man have conducted raids on the offices of two iGaming companies in central Douglas as part of an international money laundering investigation. The operation, carried out on March 12, focused on Ableton Prestige Global Limited and Amiga Entertainment Limited.

The Isle of Man Constabulary confirmed that two individuals were arrested during the raid but have since been released on bail. A police spokesperson stated:

“The Isle of Man Constabulary have executed a search warrant at the premises of Ableton Prestige Global Limited and Amiga Entertainment Limited in central Douglas in relation to a large-scale international money laundering investigation. Two individuals have been arrested and released on police bail.”

Authorities Highlight Risks of Financial Crimes

Officials emphasized the broader implications of money laundering, noting its links to serious criminal activities, including human trafficking, drug and arms smuggling, bribery, and corruption. The police spokesperson added:

“Money laundering is not a victimless crime and can be generated from other, appalling offences such as drug, arms and human trafficking, environmental crime, modern slavery, bribery, and corruption. It is imperative that the Isle of Man authorities and industry across all sectors remain vigilant and mitigate vulnerabilities that can be exploited by criminals.”

Regulatory Background and Ongoing Investigation

Ableton Prestige Global had previously surrendered its e-gaming licence with the Isle of Man Gambling Supervision Commission in April 2024, after holding the licence since September 2018.

While authorities have not disclosed further details, past reports have suggested possible financial irregularities. A 2023 report by Radio Free Asia linked both companies to money laundering activities, although these claims remain unverified.

The Prince Group, a Cambodian conglomerate mentioned in the report, has denied any connections to Amiga Entertainment or Ableton Prestige, despite corporate records reportedly suggesting ownership ties.