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Compliance Updates

Spelinspektionen Cancels Swedish igaming Licence of SafeEnt

Published

6 years ago

on


Spelinspektionen Cancels Swedish igaming Licence of SafeEnt
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Spelinspektionen has cancelled the Swedish igaming licence of SafeEnt, a wholly owned subsidiary of Global Gaming. Spelinspektionen has discovered “serious deficiencies in the company’s operations.”

“Overall, the gaming inspectorate’s review shows that SafeEnt has violated several of the most central parts of the game law, which are aimed at protecting players against excessive gambling. For example, customers have been able to spend large amounts of money without the company having reacted to what the duty of care requires. In addition, customers have been able to play well beyond their own deposit limits,” the regulator stated.

“The examination of the company’s actions against money laundering and terrorist financing also shows serious and systematic shortcomings. The violations concern deficiencies in the company’s risk assessment and measures for customer knowledge. In addition, the review of campaigns and offers shows that SafeEnt has offered bonuses on more than one occasion and that certain offers have also been lotteries that are not covered by the company’s licence,” Spelinspektionen added.

SafeEnt has described the measures it intended to take to correct the deficiencies, but the regulator said it believes the measures “are not sufficient and notes that SafeEnt lacks understanding of important parts of the regulations that govern the operations.”

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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