Two of the biggest operators in the industry, ATG and LeoVegas, appeared in the news related to the financial and gambling law in Sweden.
Both companies failed to comply with certain requirements, which led to a penalty from Spelinspektionen as well as warnings.
What did the operators infringe?
In the case of LeoVegas, the Swedish Gambling Authority has reviewed some of its documents containing financial information about the players with the biggest winnings to make sure that the operator follows the AML practices. However, it has been revealed that eleven of the customers can be considered as suspicious as some important documents are missing or incorrect. LeoVegas broke the law by not saving all the necessary files, which were obligatory under the anti-money laundering law.
As for ATG, the operator, in its turn, violated the bonus restrictions, offering its customers additional tokens for purchases in bingo products. It goes in contrary to the country’s gambling legislation, which allows only welcome bonuses. 43 customers used the opportunity to get additional bonuses the total cost of which was SEK1 960. Now both companies have to pay a fine of €197 000 issued by the regulator.
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