Spelinspektionen Announces New Plans Against Money Laundering

Staff Writer Industry News 436

The Swedish official regulatory body Spelinspektionen has just issued new rules against money laundering. Spelinspektionen wants to put an end to illegal activities in the newly regulated market, including activities associated with money laundering. That is why it launched a new AML reporting system in the country.

Better System for Better Results

The new system will be a necessary requirement for all licensed operators in Sweden. The official date for system implementation is January 13th, 2020. The system named goAML will replace the existing DAR scheme that is currently in use. As Spelinspektionen announced, goAML is to boost and improve the quality of reports that people file to the police. Starting December 9th, operators will be able to sign up for registration, and after the official date, they will be able to start using it. As described, once operators file a report through one system, they will not be required to do it again with the other.

Police are responsible for registration, as officers will have to officially approve each application from the operators. However, the process is not expected to last longer than two business days. Furthermore, operators will have enough time to get used to the new system thanks to the prolonged expiration date for DAR.

Hard to Eradicate

Sweden opened its gate to the international gambling community at the beginning of 2019. A string of globally acclaimed brands and operators immediately flocked to the scene. Spelinspektionen issued numerous licenses to the new players in the field, but not everyone managed to keep hold of them. Namely, due to illicit activities and operations, several licenses have been revoked since. One of them was Global Gaming, the company that has been stripped of its license due to numerous malpractices and failed operations.

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