After the Maltese financial authorities shut down Satabank due to alleged issues with its anti-money laundering procedures, a number of gaming companies ended up with blocked accounts and now experience problems operating their businesses. In practice, Satabank was one of the few banks in Malta servicing the gaming industry and also allowing foreigners to open bank accounts– something not that common with other Maltese banks. The online gaming sector in Malta accounts for about 1.2 billion EURO or 10% of Malta’s GDP and according to officially available information, the assets of several gaming companies are frozen.