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Compliance Updates

Swedish Gambling Market Commission Proposes More Restrictions on iGaming

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Swedish Gambling Market Commission Proposes More Restrictions on iGaming
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The Swedish Gambling Market Commission (Spelmarknadsutredningen) has delivered a report on the country’s igaming regulations. Led by special investigator and former MP, Anna-Lena Sörenson, the report has recommended several stricter controls on the market including a proposal that the national regulator Spelinspektionen should implement a risk classification for gambling products.

The report suggests that games classified as the highest risk should be banned from advertising between 6 am and 9 pm. It also proposes that Sweden should make permanent the SEK5000 deposit limit that has been temporarily imposed for online casino games during the Covid-19 pandemic.

Other proposals include the introduction of a law laying out reporting requirements for operators and a relaxation of bonus restrictions for gaming operators that generate funds for charity, such as lotteries, to enable them to better compete against private operators. It also suggests greater controls on unlicensed gaming, which is now subject to a separate enquiry.

The report rejected proposals for statutory levels on horseracing and other sports betting. It also concluded that the Gambling Act was not the correct tool to include controls on loot boxes in video games, which it said should be studied at the European Union level.

“This has been a complex assignment that has touched on a large number of different issues linked to gaming regulation, which in some cases have required difficult trade-offs. I believe that the proposals we come up with today can both contribute to strengthening consumer protection and make regulation more appropriate,” Sörenson said.

“Spelmarknadsutredningen’s report will form an important basis for the Government’s forthcoming measures,” Ardalan Shekarabi, Minister for Social Security, said.

However, the operator association Branscheforenigen för Onlienspel (BOS) expressed alarm at the report’s recommendations.

Gustaf Hoffstedt, secretary-general of BOS, said: “Sweden has invested in a licensing system with 102 operators that offer a high level of consumer protection.

“They pay around SEK4bn annually in gaming tax, invest in workplaces and staff, sponsor Swedish sports and contribute to Swedish technology know-how.

“Banning licensed gaming companies from marketing their services to Swedish consumers while leaving unlicensed companies free to offer their services to Swedish consumers is a bad proposal.

“This only leads to reduced consumer protection and to erode the Swedish gaming market.”

Asia

WorldMatch Certifies Games for the Philippines

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WorldMatch has announced the release of the first batch of its certified games for the Philippines market. This significant milestone marks a crucial step in the company’s global expansion strategy and commitment to providing high-quality gaming experiences to Filipino players.

The initial batch, comprising carefully selected games certified to meet the regulatory standards of the Philippines, promises to offer a wide variety of entertainment options for players in the country. From classics to modern titles, each game has been designed to deliver an engaging and enjoyable experience for users.

“This is an exciting moment for us. We are thrilled to bring our expertise and innovation to the Philippines market and collaborate with brand new partners to deliver extraordinary gaming experiences to local players,” said Xhuljana Demerxhiu, Head of Sales at WorldMatch.

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Compliance Updates

Spillemyndigheden: Anti-Money Laundering- A report to the police must be followed up by a notification

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Notifications to the Money Laundering Secretariat is one the most important sources of information on money laundering and financing of terrorism. A notification is information about a potentially criminal act, and it cannot be replaced by a report to the police.

Gambling operators are obligated to notify in accordance with section 26 of the AML Act. The obligation to notify means that gambling operators must immediately notify the Money Laundering Secretariat if they know of, suspect, or have reason to believe that a transaction, funds or an activity is or has been linked to money laundering or financing of terrorism.

Notifications are essential for the role of the Money Laundering Secretariat, as notifications can in themselves constitute a case. In addition, a notification about a suspicion can be part of a larger case of other suspicious matters.

Police reports cannot replace notifications

There are no exceptions to the obligation to notify even if you have reported the matter to the police. In case a gambling operator has reported a customer to the police, the gambling operator must also notify the Money Laundering Secretariat which is an authority independent from the police.

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Compliance Updates

CT Interactive Certifies 60 Games and Hot Luck Jackpot for Peru

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CT Interactive has successfully certified 60 of its most popular games, along with the Hot Luck Jackpot, in Peru. This certification aligns with recent legislative updates in the Peruvian market, aimed at enhancing the gaming environment.

In response to these regulatory updates, CT Interactive has proactively certified a diverse range of games to provide Peruvian operators with a wide array of engaging gaming options. The newly certified games cover a broad spectrum of themes and features, ensuring that there is something for every type of player.

The newly certified games are: Hit the Hot, Lord of Luck the Wheel, Wizard Blizzard, 20 Star Party, Celestial Dragon, 40 Mega Slot, Monkey Sevens, 40 Shining Jewels, Shining Treasures, 40 Treasures, Giraffe Wild, 50 Treasures, Rodeo Power, Alaska Wild, Lord of Luck, Amazons Spear, Ramesses the Great, Banana Party, Fortune Pig, Brilliants Hot, The Power of Ramesses, Brilliants on Fire, Treasure Chase, Chilli Fruits, The Oldest Oak, Coffee Magic, Banana Merge, Dancing Dragons, Fortune Pyramid, Duck of Luck, HOT 7’s X 2, Fire Dozen, Magic Crown, Fortune Fish, Pick the Pig, Great Queen Bee, Win Storm, Lucky 3 Penguins, 20 Clovers Hot, Lucky Clover, Full of Luck, Penguin Party, The Great Sevens, Pot’o Luck, Fire Egg, Purple Fruits, The Golden Duck, Purple Hot 2, 40 Fruitata Wins, Pyramid of Gold, Power Storm, Wild Clover, The Big Chilli, Wild Hills, Jester Jack, Big Joker, Lucky Kiwi, Dark woods, 20 Mega Slot and Fluffy Tails.

Each of these games has been meticulously tested and certified to meet the stringent new standards set forth by Peruvian regulators.

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