LeoVegas Gaming Plc receives warning and penalty fee for shortcomings in its work against money laundering and terrorist financing

LeoVegas Gaming Plc receives warning and penalty fee for shortcomings in its work against money laundering and terrorist financing

The Spelinspektionen, the Swedish Gaming Inspectorate, announces LeoVegas Gaming Plc has been given a warning and a penalty fee of SEK 2 million.

The Money Laundering Act places high demands on gaming companies licensed under the Gaming Act. Gambling companies must counteract the use of the business to launder money or finance terrorism. The law is based on a risk-based approach, which means that licensees must take measures that are in proportion to the risks to which they are exposed.

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