ATG fined SEK 6.0m for anti-money laundering failures


The Swedish Gaming Authority began supervision to look at ATG’s work around money laundering and how they ensure sufficient knowledge of their customers. 

The review also included internal routines and guidelines as well as how ATG manages the customer’s risk profile and takes in-depth customer awareness measures.

According to Spelinspektionen’s assessment, ATG has failed in its work with customer knowledge and has not taken sufficient measures to be able to assess the risk of their business being used for money laundering and terrorist financing. 

The shortcomings are considered serious, which is why ATG receives a warning and a penalty fee of SEK 6 million.

AB Trav och Galopp has a license for commercial online gambling and betting on the websites and The Swedish Gaming Authority can initiate supervision at any time to review the licensees’ compliance with the rules.