Overview
- Investigative reporting released internal compliance warnings and case files that say staff flagged shortcomings in Revolut’s automated checks for payments linked to illegal online casinos and said the bank could not forward certain suspicious-activity reports to authorities.
- The internal note alleges roughly 3,000 customers may not have had suspected gambling-related transactions reported, and case files show at least one German player used a Revolut account to transact with operators such as Mr Bet and JOO Casino; Revolut says the 3,000 figure is "strictly false" and defends its controls.
- Revolut points to large compliance spending and layered monitoring systems, but the disclosures follow an April 2025 fine of €3.5 million from Lithuania for anti‑money‑laundering gaps, underlining ongoing supervisory concern.
- Separately, hackers recently impersonated Italian authorities and obtained hundreds of customer profiles from Revolut after the company complied with what it says appeared to be an official request; Revolut says systems and customer funds were not affected and only a limited number of customers were involved.
- The combination of new documents, the earlier fine and the data‑exposure episode raises the risk of further regulatory action and legal scrutiny, could damage customer trust ahead of any future IPO, and underscores that German law requires banks to automatically monitor and promptly report payments tied to illegal gambling.