Sweden considers increasing penalty fees for money laundering breaches in gambling
The gaming market is a sector with a high risk of money laundering... The proposal provides better opportunities to combat criminal activity in connection with gambling.
Swedish lawmakers are reviewing a proposal to raise penalty fees for gambling operators that violate the country's Money Laundering Act, aligning them with the penalties for Gambling Act violations.
The proposal aims to combat money laundering and address the higher risk associated with the gaming sector. Additionally, the proposal includes introducing a written requirement for telephone sales of gambling to ensure customers accept the terms.
In related news, Sweden's regulator, Spelinspektionen, will begin charging fixed fees to owners of supplier licenses from July 1, 2023.