Swedish Gambling Authority risk assessment claims “high” chance of money laundering in online gambling

Regulator cites virtual currencies and greater player anonymity as increasing instances of fraud via gambling firms

The Swedish Gambling Authority (SGA) has released a new risk assessment document which claims there is a significantly “high” risk of money laundering coming through online casino and sports betting sites. The assessment is the first conducted by the SGA and aims to provide comprehensive information on “threats, vulnerabilities and risks” occurring in the Swedish…

Anti-money laundering | Fraud prevention | Online gambling | Regulation | Sports betting | Sweden | Swedish Gambling Authority