The Swedish Gambling Inspectorate has strengthened safeguards against terrorist financing and money laundering by updating its guidelines for online operators.
The guidelines' fifth edition, which was updated in collaboration with Sweden's Financial Intelligence Unit, identifies online gambling as a high-risk industry because of economic expansion and technological advancements, which raise the possibility of money laundering due to high stakes, winnings, and turnover.
Because the inspectorate continues to take a risk-based approach and mandates that operators implement proportionate measures against money laundering and terrorist financing, the gambling regulator supports the guidance.
The guidelines' fifth edition, which was updated in collaboration with Sweden's Financial Intelligence Unit, identifies online gambling as a high-risk industry because of economic expansion and technological advancements, which raise the possibility of money laundering due to high stakes, winnings, and turnover.
Because the inspectorate continues to take a risk-based approach and mandates that operators implement proportionate measures against money laundering and terrorist financing, the gambling regulator supports the guidance.
