Sweden has extended its investigation into match-fixing and unlicensed gaming from June to September and expanded the scope to include money laundering.
Led by director general of the Swedish Chamber of Commerce Gunnar Larsson, the investigation will consider harsher penalties for money laundering and terrorist financing, according to iGamingBusiness.com.
A report from the Swedish Financial Police found more than 700 reports of money laundering during 2020. The report also charged that gambling is at the “highest threat level” for money laundering. Branscheforenigen för Onlinespel (BOS), Sweden’s online gaming trade association, said all major Swedish banks have stopped offering services to gambling operators over money laundering concerns.
“The current investigation will propose solutions to enable effective supervision of illegal gambling and strengthen the work against match-fixing. These issues are of great importance for a sustainable gaming market,” said Ardalan Shekarabi, minister for social protection.
Sweden has extended its investigation into match-fixing and unlicensed gaming from June to September and expanded the scope to include money laundering.
Led by director general of the Swedish Chamber of Commerce Gunnar Larsson, the investigation will consider harsher penalties for money laundering and terrorist financing, according to iGamingBusiness.com.
A report from the Swedish Financial Police found more than 700 reports of money laundering during 2020. The report also charged that gambling is at the “highest threat level” for money laundering. Branscheforenigen för Onlinespel (BOS), Sweden’s online gaming trade association, said all major Swedish banks have stopped offering services to gambling operators over money laundering concerns.
“The current investigation will propose solutions to enable effective supervision of illegal gambling and strengthen the work against match-fixing. These issues are of great importance for a sustainable gaming market,” said Ardalan Shekarabi, minister for social protection.
