Regulation

Swedish court lowers penalty for Casino Cosmopol by SEK5m

Svenska Spel subsidiary will now pay SEK3m penalty for AML offences

Svenska Spel’s land-based subsidiary Casino Cosmopol will pay a reduced penalty fee for anti-money laundering breaches, following a ruling by the Swedish administrative court. Judges agreed to reduce the SEK8m (£642,000) fine by the Swedish Gambling Authority (SGA) based on their own assessment on the “nature and extent” of Casino Cosmopol’s violations. The fine was…

Anti-money laundering | Casino Cosmopol | Legal Challenge | Regulation | Svenska Spel | Sweden | Swedish Gambling Authority

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