Ian McLoughlin CEO leads SKS365 executive departures
Italian news sources have reported that Ian McLoughlin has stepped down as Chief Executive of SKS365 Group, the operating company of ‘PlanetWin365’ Italy’s second largest retail and online bookmaker.
McLoughlin’s departure is further followed by the resignation of Angela Gemma as General Counsel of SKS365 and the exit of Aaron Meli as Group Financial Controller.
McLoughlin and Gemma are reported to have cooperated fully with Italian police’s ongoing ‘Galassia investigation’, which last November saw a joint federal-and-financial taskforce arrest sixty-eight suspects on charges of corruption and fraud.
SKS365 and further Italian licensed bookmakers have been implicated in Italy’s biggest AML investigation, as the police task force has revealed that Mafia networks used bookmaker services as ‘money laundering vehicles’.
In relation to SKS365 Group, Italian police have previously clarified that their investigation is focused on the previous management of the company, operated by the holding company SkS365 Malta (timeframe 2015-2017).
Nevertheless, the ramifications of the ‘Galassia investigation’, are far-reaching. Closing 2019, governing Lega-5star ministers demanded that Treasury Minister Giovanni Tria conduct an immediate investigation of Italian gambling regulator – Agenzia delle Dogane e dei Monopoli (ADM).
In its order to the Treasury, Lega-5Star demand that ADM’s auditing and licensing systems be reviewed, stating that the ADM’s reputation and trademark have been tarnished by the AML investigations.
Source: SBC News
