Tag Archives: Finansdepartementet

Travsport purposes counter tax measures to save Swedish racing 

SBC News Travsport purposes counter tax measures to save Swedish racing 

The board of Svensk Travsport, the organiser of Swedish trotting, will present a counter-proposal on gambling taxes to safeguard the future of horse racing in the country. The statement was made by Travsport Chairman, Anders Källström, who detailed anxieties about Swedish racing being lumped into a generic tax band for gambling in 2024. As announced at the end of 2023, …

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Riksdag obtains bill to correct Sweden Gambling Act protections in 2024

Sweden

Sweden will implement its new online gambling amendments from 1 April 2024, strengthening consumer protections and increasing fines for AML infringements. During end-of-year proceedings, the government consolidated all gambling amendments into a specific bill, which was then submitted to the Riksdag (Parliament) for legislative authorization. The bill’s agreed amendments correspond to increasing consumer protections, imposing written requirements for telephone sales, …

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Spelinspektionen gains approval to increase Swedish gambling fines  

SBC News Spelinspektionen gains approval to increase Swedish gambling fines  

Spelinspektionen has welcomed new changes to Sweden’s Money Laundering Act that will allow the gambling inspectorate to increase financial penalties on gambling-related fines/infringements. The decision was approved by Finansdepartementet, Sweden’s Ministry of Finance, which will allow the inspectorate to increase penalty fees for gambling operators violating AML rules from 1 April 2024. The inspectorate had previously submitted its proposals to …

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Videoslots to contest Swedish AML investigation 

SBC News Videoslots to contest Swedish AML investigation 

 Spelinspektionen, the Gambling Inspectorate of Sweden, has issued a warning and penalty fee of SEK 9m (€750k) on Videoslots for failure to uphold protections of Sweden’s Money Laundering Act. The Inspectorate had placed Videoslots under supervision on 2 November 2021, citing “shortcomings in the work against money laundering and financing of terrorism”.  Under scrutiny, Videoslots is reported to have insufficient …

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Spelinspektionen accepts AML penalty fee settlement for 2024  

SBC News Spelinspektionen accepts AML penalty fee settlement for 2024  

Spelinspektionen, Sweden’s Gambling Inspectorate, has issued a ‘positive response’ to changes that will be applied to the Money Laundering Act. As sanctioned in September by Finansdepartementet – the Ministry of Finance of Sweden – Spelinspektionen must “adjust penalty fees for gambling operators violating AML legislations” from 1 April 2024.   The proposed adjustment equates to penalty fees for AML infringements, in …

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Sweden told to impose credit ban on all gambling transactions 

SBC News Sweden told to impose credit ban on all gambling transactions 

Finansdepartementet – Sweden’s Ministry of Finance – has recommended that the government apply a ban on credit card transactions across all gambling segments. The recommendation was made as part of the Ministry’s investigation into “Enhanced consumer protections against risky lending and over-indebtedness”. A primary assignment for 2023, the Ministry drafted a 650-page report on the current consumer credit facilities available …

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Sweden to probe exemptions of Party Political Lotteries

SBC News Sweden to probe exemptions of Party Political Lotteries

Finansdepartementet – Sweden’s Ministry of Finance – has initiated an inquiry into the rules of party political lotteries, following concerns about the transparency of political funding. The Ministry outlined that its investigation would focus on “options to tighten party political lottery rules, strengthen consumer protections, and consider whether to grant licences for such lotteries.” Former civic ombudsman and Director-General of …

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EC to review Swedish inspectorate’s new payment controls

SBC News EC to review Swedish inspectorate's new payment controls

The European Commission (EC) has been notified of ‘Gambling Ordinance’ reforms submitted to safeguard Sweden’s online gambling marketplace further. The reforms are carried by Finansdepartementet, Sweden’s Ministry of Finance, with a desire to ‘minimise unlicensed gambling’, ‘counter match-fixing’ and provide “greater regulatory controls against black market threats”. The amendments are principally focused on strengthening the authority and direct controls of …

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Swedish Gambling Minister endorses customer data-sharing proposal for operators

data-sharing swedish

Finansdepartementet – the Swedish Ministry of Finance – has issued a radical proposal to allow licensed operators to share individual player data in a bid to ‘counter gambling abuse’. The Riksdag has been informed of a memorandum, in which customer data-sharing measures are endorsed by Niklas Wykman, Minister of Financial Markets who is tasked with overseeing Swedish gambling reforms.    The …

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Swedish government submits Gambling Act integrity amendments for EC revision 

SBC News Swedish government submits Gambling Act integrity amendments for EC revision 

Finansdepartementet – Sweden’s Ministry of Finance has notified the European Commission (EC) of its proposed changes to the 2018 Gambling Act.  The amendments follow the conclusion of ‘Spelmarknadsutredningen’ an independent inquiry of Sweden’s re-regulated gambling marketplace in 2020, undertaken by  Social Democrat MP Anna-Lena Sörenson.  Swedish authorities and national stakeholders responded to year-1 developments of the gambling market under Gambling …

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