Mr Green fined €3m over AML and KYC failings in Sweden


The Swedish Gambling Authority (Spelinspektionen) has fined Mr Green SEK31.5m (€3m) for AML and customer due diligence breaches.

The Money Laundering Act places great demands on gaming companies to prevent their activities from being used for money laundering or financing terrorism. Among other things, the gaming company must identify its customers and find out enough information to be able to assess and manage the risks associated with the customer.

The decision is based on 15 cases where customers had problematic gambling. In several cases, Mr Green has not contacted customers to draw their attention to the risks of gambling, despite making several deposits a day and playing for hundreds of thousands of kronor.

Mr Green Limited had failed in its work with customer knowledge and had not taken the necessary measures urgently enough to be able to assess the risk of their business being used for money laundering.