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BOS approves equalization of AML fines if set at lower level

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2 years ago

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Hat-trick of new BOS members – Myntet Ltd new member of BOS
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In a referral reply, Swedish BOS approves the Ministry of Finance’s proposal that AML fines should be equated with fines according to the Gambling Act. To date, AML fines have been significantly lower than fines for other violations that gambling companies may be guilty of. BOS points out, however, that in the future, according to a decision in the Supreme Administrative Court from last spring, fines related to gambling companies must be based on Gross Gaming Revenue and not turnover, which should lead to fines imposed being determined at a significantly lower level than until now.

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George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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