LeoVegas fined over “systematic” AML and KYC failings in Sweden

Malta-headquartered operator lodges appeal against enforcement ruling following SGA investigation into top 15 player accounts

The Swedish Gambling Authority (SGA) has issued a SEK2m (£171,393) fine against LeoVegas for AML and customer due diligence breaches. Acting on a tip off, SGA investigators reviewed the KYC process used to identify the operator’s top 15 winning players between 1 January and 30 November 2019, who deposited a combined SEK5.4m during the period.…

AML | Compliance | Customers | LeoVegas | Online gambling | Regulation | Sports betting | Sweden | Swedish Gambling Authority