Central to the guidance is the strengthening of protections against money laundering and terrorist financing.
Spelinspektionen’s Director General, Camilla Rosenberg, stated: “The gambling industry is a risk area for money laundering, and we have seen a need for further clarification and guidance in this area. We have therefore revised our guidance and are also conducting a new risk assessment.”
Operators have been told to increase checks around the source of funds for large deposits and determine whether the customer is a Politically Exposed Person (PEP).
Further requirements stipulate enhanced due diligence (EDD) for high-risk customers, which includes additional verification of income sources and bank statements.
To improve customer due diligence, operators are urged to implement ‘routine internal controls’ to ensure that thorough ..