Swedish regulator warns Zimpler of heavy fine for dealing with unlicensed gambling operators
Swedish payment provider Zimpler faces heavy fines if it continues to facilitate transactions with unlicensed gambling operators
Swedish payment provider Zimpler has been cautioned by the regulatory authority Spelinspektionen to cease its activities with unlicensed operators or face a substantial fine of SEK25.0m (£1.8m/€2.1m/$2.3m).
The warning comes after Spelinspektionen discovered Zimpler's use of BankID in transactions with unlicensed operators, indicating the illegal targeting of Swedish players.
Zimpler denies any breach of the law and asserts it will terminate relationships with unlicensed websites catering to Swedish customers.
However, Spelinspektionen claims that Zimpler collaborates closely with unlicensed operators, thereby promoting unlicensed gambling activities.