Spelinspektionen’s active 2025 enforcement drive continues, with Betsson Nordic Ltd among three operators penalized for shortcomings in anti-money laundering (AML) procedures.
The Swedish regulator issued a warning and fined Betsson SEK 6.5 million ($682,272) over AML failings tied to its operations in Sweden.
The investigation began on May 2, 2024, and centered on Betsson’s activities during 2023. The regulator selected 10 individuals for review from a group of the 50 highest depositors aged 18 to 29. Spelinspektionen examined these customers’ profiles and transaction histories – only two showed no issues.
In one notable case, a customer made 163 deposits totaling SEK 491,950 between September 19 and December 30, 2023, despite having a net annual income of just SEK 310,000. Betsson had rated this player as low to medium risk. The company justified the high deposit amounts by pointing to the player’s previous betting withdrawals, an explanation the regulator found insufficient.
Spelinspektionen mentioned:
The Swedish Gambling Authority has stated above that the deficiencies are both serious and systematic. Against this background and the company’s financial position, the Swedish Gambling Authority assesses that the sanction fee should be set at SEK6.5 million.
The Swedish Gambling Authority assesses that the sanction fee is proportionate to the seriousness of the violation.
Alongside Betsson, Snabbare Ltd and TSG Interactive were fined and warned by Spelinspektionen for serious AML breaches. TSG, owned by Flutter, received a SEK 7 million fine for failing to act on high deposit levels that required enhanced due diligence. Snabbare was fined SEK 5.5 million for allowing deposits above customers’ incomes and acting too late on red flags. The regulator labeled the issues “serious and systematic,” with total fines reaching SEK 19 million.
