Spelinspektionen, the country’s gambling regulator, has introduced stricter due diligence requirements, aligning with EU directives. Now, operators must verify users through official ID documents like passports or tax IDs, and high-risk players will need to prove their source of funds with income verification and bank statements.
One key change is the mandatory screening of Politically Exposed Persons (PEP), ensuring stricter oversight for individuals in high-risk financial positions. Operators also have to keep customer records for five years, making sure everything is accessible for audits. Spelinspektionen is pushing for more internal controls, focusing on risk management, account monitoring, and staff training to spot suspicious activities.
Beyond AML, the regulator is also sounding the alarm on loot boxes in video games. Their latest study found that 62% of players who bought loot boxes before 18 also gambled for real money as minors. Even more concerning, 87% of those who purchased loot boxes before 15 later displayed signs of risky gambling behavior as adults. This adds fuel to the ongoing debate about whether loot boxes should be regulated like gambling.
It’s clear that Sweden is serious about tackling financial crime and gambling harm?
One key change is the mandatory screening of Politically Exposed Persons (PEP), ensuring stricter oversight for individuals in high-risk financial positions. Operators also have to keep customer records for five years, making sure everything is accessible for audits. Spelinspektionen is pushing for more internal controls, focusing on risk management, account monitoring, and staff training to spot suspicious activities.
Beyond AML, the regulator is also sounding the alarm on loot boxes in video games. Their latest study found that 62% of players who bought loot boxes before 18 also gambled for real money as minors. Even more concerning, 87% of those who purchased loot boxes before 15 later displayed signs of risky gambling behavior as adults. This adds fuel to the ongoing debate about whether loot boxes should be regulated like gambling.
It’s clear that Sweden is serious about tackling financial crime and gambling harm?
Also, loot boxes are a big trap!