Compliance Updates
Swedish Gambling Regulator Fines Betsson Nordic Ltd for AML Failings

In connection with supervision, the Swedish Gambling Authority has identified shortcomings in Betsson Nordic Ltd’s work with, among other things, customer due diligence. The company has not collected sufficient information about where the money comes from. Therefore, they have not been able to understand and assess whether the customers’ activities and transactions were legitimate or whether they entailed a risk of money laundering. Betsson Nordic Ltd is therefore issued a warning and a sanction fee of SEK 6.5 million.
On 1 June 2024, the calculation basis for penalty fees in the Gambling Act for violations of the money laundering regulations was changed. The violations in the case occurred before the amendment to the Gambling Act, so the new calculation basis should not be applied. The penalty fee can therefore be set at a maximum amount equivalent to EUR 1 million.
-
Africa6 days ago
Tanzania Gaming Board Warns Families About Risks Posed by Betting on PlayStation Games
-
Latest News6 days ago
Best Online Casinos in Europe for 2025 – Top 10 European Casino Sites For Real Money
-
Africa6 days ago
Ghana Gaming Commission Introduces Mandatory Biometric Verification
-
Asia6 days ago
Indian Gaming Industry Expresses Concern About Proposed Online Gaming Bill
-
Asia6 days ago
Indonesia Prepares VPN Laws to Crack Down on Illegal Online Gambling
-
Latest News6 days ago
Best Crypto Casinos & Gambling Sites in Japan 2025 (Ranked List)
-
Latest News6 days ago
5 Brand New Online Casinos: US Newest Online Casino Sites of 2025
-
Latest News6 days ago
Best NO KYC Casinos – Top No Verification Casino Sites in 2025