Spelinspektionen Joins with Authorities to Combat Corruption

Spelinspektionen, the Swedish gambling authority, has collaborated with sixteen of the country’s authorities to introduce new protocols to combat corruption.

“We are currently procuring a service for verifying information on license applicants [and] licensees’ group structure, company information and ownership image. By constructing complex and cross-border structures with legal entities in different jurisdictions, one can hide the real principals and the origin of the money,” Fredrik Lindquist, who works with supervision and money laundering issues at the regulator, said.

The new partnership will act as an information exchange and knowledge transfer between the participating organisations. The participants have to continue the identification, mapping and analysing of the risks and methods for money laundering and terrorist financing. The collected information must be provided to the operators to contribute to their work against money laundering and terrorist financing.

“A gaming company could be used as a criminal tool. Therefore, in our licensing, it is important to find out who are the real principals of the gaming company that holds or applies for a license,” Spelinspektionen wrote in a media release.