Sweden's Gambling Authority Ups Money Laundering Risk Assessment
The Swedish Gambling Authority (Spelinspektionen) has released an updated risk assessment for money laundering within Sweden's gambling industry. This comes after a review of exemptions related to anti-money laundering rules and parts of the Gambling Act for land-based commercial casinos. Notably, the assessment no longer considers these casinos to pose a low risk for money laundering, as previously thought.
The updated risk assessment aligns with Sweden's national risk assessment and the European Commission's supranational risk assessment. It updates vulnerabilities associated with different types of gambling and identifies influencing factors. The assessment also revises evaluations of money laundering threats in the gambling sector, replacing previous versions.
To gather stakeholder feedback on the proposed regulatory changes, a public consultation will be held. This includes reviewing the methodology used for risk assessment and ensuring it accurately reflects the current landscape of Sweden's gambling industry.
The Swedish Gambling Authority's updated risk assessment for money laundering is a significant step in strengthening anti-money laundering measures within the gambling sector. The public consultation will provide an opportunity for stakeholders to contribute to the ongoing review of regulatory changes, ensuring a comprehensive and effective approach to combating money laundering in gambling.
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