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Swedish Regulator Suggests Law Change to Access Payment Data

Published

5 years ago

on


Photo by Yoko Correia Nishimiya on Unsplash
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The Swedish Gaming Inspectorate (Spelinspektionen), the national gaming regulator, is rooting for an amendment to Sweden’s Gaming Act that would make financial institutions to disclose payment data related to gaming transactions.

The regular is legally entitled to block payments to illegal gaming sites as per the existing act, but it has not been able to use the power yet.

It is mainly because it is not able to to identify gaming-related payments going to offshore operators.

That is why Spelinspektionen is asking a rule change that would force banks to disclose information about payments made to and from gaming sites that do not have a Swedish license.

Robert Larsson, Unit Manager for Responsible Gambling and Money Laundering, said: “This type of case is generally difficult to investigate, it is difficult to obtain detailed and relevant information.

“In order for us to quickly and easily obtain the information we need, we have proposed a clearer regulation which means that we will have the right to receive this type of information without the hindrance of bank secrecy.”

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Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.

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