The Swedish gambling regulator, Spelinspektionen, has announced that it has fined horseracing and betting operator ATG SEK 6 million (€549,024) for anti money laundering (AML) failures.
According to a press release, the Swedish regulator first began supervising and evaluating ATG’s AML processes in late 2021 to ensure that the company was seeking sufficient information from its customers and their source of funds.
Swedish Gambling Regulator Fines ATG, Spooniker, and PinBet for Serious AML Failures Swedish Gambling Regulator Fines ATG, Spooniker, and PinBet for Serious AML Failures that left gamblers unable to self exclude through the platform for a period of two weeks.Spelinspektionen also announced that it has fined Spooniker SEK10.9 million (€997,066) and PinBet SEK2 million (€182,948) for similar AML failings and warned both online gambling operators to update their processes as soon as possible.
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