Spelinspektionen Issues Warning to Gaming Companies

Swedish gambling regulator Spelinspektionen has issued a warning that calls for gaming companies to make sure that their equipment complies with local gambling regulations.

Spelinspektionen mentioned Swedac, the local company in charge of making sure that test institutes have proper accreditation and certification, to control the gaming companies’ systems so that they comply with current regulations.

In July, the gaming companies licensed in Sweden submitted documents to prove that their gaming systems were checked and tested by an accredited testing institute. Spelinspektionen said that this week it met Swedac to analyse the received documents.

The online gaming market in Sweden has brought better results than expected. Skatteverket tax agency (STA) revealed that the money turned to state coffers is way more than expected. Sweden’s taxman revealed that online gaming tax money reached €172 million. There are 86 licenced companies that pay an 18% tax on gaming revenue.

Spelinspektionen is one of the 16 authorities in Sweden that are working against money laundering and terrorist financing in the territory. The regulator said that the main role of this effort is to exchange information and knowledge between the participating organisations. It also aims to continuously identify, map and analyse risks and methods for money laundering and terrorist financing, and compile national risk assessments.