Tag Archives: Finansdepartementet

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, …

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 …

 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 …

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 …

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 …

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 …

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 …

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 …

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 …

Finansdepartementet – Sweden’s Ministry of Finance has submitted proposals to increase licence fee renewal duties, alongside a further demand for B2B licence requirements to be adopted as a market obligation.     A memorandum with proposals has been submitted for consultation until 9 May, and, if adopted to enter into force, a new licensing arrangement would be applicable from 1 March 2023. …