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Compliance Updates

Spelinspektionen Gains Approval to Increase Swedish Gambling Fines

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Spelinspektionen has welcomed new changes to Sweden’s Money Laundering Act that will allow the gambling inspectorate to increase financial penalties on gambling-related fines/infringements.

The decision was approved by Finansdepartementet, Sweden’s Ministry of Finance, which will allow the inspectorate to increase penalty fees for gambling operators violating AML rules from 1 April 2024.

The inspectorate had previously submitted its proposals to the legislative council of Finansdepartementet to amend the laws of Money Laundering Act, to “improve consumer protections and tackle crime within the gaming.”

From 2024, the inspectorate will be able to impose the same penalty fees for AML infringements as those under the Gambling Act of 2018, with a specified maximum amount for individual violations.

Welcoming the decision, Director General Camilla Rosenberg stated: “We welcome the proposals in the referral that enable further measures to strengthen the regulation of the gaming market.

“It is also gratifying that the government has now heeded the Gambling Authority’s proposal to raise the sanction ceiling for violations of the Money Laundering Act.”

The Inspectorate had previously argued that its enforcement capabilities on AML infringements were limited as abiding to existing rules it could only apply “modified penalties” on offenders – deemed as insufficient to cover serious types of financial violations.

Regulatory disputes on AML matters had forced Finansdepartementet to intervene on AML penalty fee disputes, due to Regional High Court challenges, by licensed operators on the amounts summoned by the Inspectorate, which were deemed as “unfair calculations”.

Finansdepartementet had recommended the inspectorate to design a new framework on AML penalties related to gambling, with the oversight of Konsumentverket, Sweden’s Consumer Agency.

From April 2024, the penalty fees for violations of the Money Laundering Act will be aligned with those for breaches of the Gambling Act. Adjusting to new duties, Swedish licensed operators can request to access a customer’s personal financial and public health data to intervene in cases of potential problem gaming or suspicion of money laundering activities.

Compliance Updates

The renowned iGaming provider, Enorphina, has successfully maintained its ISO 27001 certificate!

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The renowned iGaming provider, Enorphina, has successfully maintained its ISO 27001 certificate!
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In January 2024, the leading software provider, Endorphina, underwent a multi-day audit according to ISO 27001 standards. With a pleasing conclusion from the independent auditors, Endorphina achieved the set milestone in security and successfully maintained the ISO 27001 certificate this year as well.

The ISO 27001 certification is an independent and third-party verification that the company’s information security management system (ISMS) meets the requirements of the ISO 27001 standard. By maintaining its certification, Endorphina builds trust with its customers, promising information security and privacy.

Ever since 2012, the company has made its priorities clear when it comes to the continuous improvement of its provided slot games. Endorphina’s enhancement of security elements led the company to the highest level of security, manifested in the acquisition of the internationally recognized ISO 27001 certificate.

This milestone marks a successful entry into the new year and a solid foundation for achieving the company’s goals for 2024.

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Compliance Updates

WorldMatch Secures its Gaming License in Romania

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WorldMatch announced that it has obtained its gaming license in Romania. This significant milestone marks a substantial step in the company’s global expansion strategy and further solidifies its position as a leader in the online gambling industry.

The license granted by the Romanian National Gambling Office (ONJN) authorises WorldMatch to provide its innovative products and services in the regulated Romanian market. This includes a wide range of online slots, table games, video poker and more, all rigorously tested and certified to ensure a safe, fair and high-quality gaming experience for Romanian players.

“We are thrilled to secure our gaming license in Romania. This success underscores our commitment to global expansion and strengthens our position as a preferred partner for online casino operators worldwide. We look forward to collaborating with local regulated partners to deliver an extraordinary gaming experience to Romanian players,” Andrea Boratto, CEO at WorldMatch, said.

WorldMatch’s entry into the Romanian market will offer local operators access to its extensive portfolio of high-quality gaming content.

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Compliance Updates

3 Oaks Gaming granted UKGC licence

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3 Oaks Gaming granted UKGC licence
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iGaming supplier advances growth strategy with key regulatory approval

3 Oaks Gaming, an established distributor of iGaming content, has announced that it has been granted its remote operating licence from the UK Gambling Commission (UKGC).

This prestigious achievement is a monumental landmark for the company who will now be able to distribute its games to licenced operators within the United Kingdom. This milestone not only expands the company’s reach, but also solidifies its position as a provider of choice within the industry.

Operators can anticipate access to a diverse selection of the supplier’s top-performing games, such as 3 Hot Chillies, Coin Volcano, and Sun of Egypt 3 which are currently undergoing certification, ensuring compliance and seamless integration for future partners.

Securing a UK licence represents a pivotal moment in the trajectory of 3 Oaks Gaming, as the provider prepares to announce significant commercial agreements in the coming months. This strategic business development achievement is set to complement the company’s current operations, bolstered by its existing Isle of Man licence.

Sebastian Damian, Managing Director of 3 Oaks Gaming, said: “We are thrilled to have obtained our UKGC licence, an esteemed accreditation within one of the world’s most recognised gambling markets. With this milestone achieved, we are dedicated to delivering high-quality, engaging content to UK-licenced operators.

“Our focus remains on progressing our market position and achieving ambitious growth goals, all while upholding our commitment to promoting responsible gaming.”

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