Gibraltar and Sweden authorities reach agreement

Gibraltar and Sweden authorities reach agreement

The authorities reached an agreement to share information. Credits: www.androxpc.com

The gambling authorities from the European territories entered into an agreement to share information.

Gibraltar.- The Gibraltar Gambling Division (GGD) and the Gaming Inspectorate (Spelinspektionen) have revealed that they entered into an agreement (MoU, memorandum of understanding) for the purposes of enhanced cooperation between the two authorities.

The gambling regulators’ agreement aims at facilitating the ongoing exchange of information between the authorities. This way, they want to make their supervision efforts more efficient. The Sweden and Gibraltar authorities said that the agreement is to enhance cooperation between them in furtherance of the authorities’ public policy objectives and mutually common values.

Furthermore, the MoU, which came into force on May 8, is to facilitate on-going close communications between the two authorities. It also aims to support effective sharing of information on matters of mutual interest and policy areas. As part of the agreement, Sweden and Gibraltar agreed to provide the best possible operational assistance to one another. This is in on a continuous basis and in accordance with both their respective procedures and regulatory policies.

The Directors expressed their satisfaction on the agreement

The Director General of the Swedish Gambling Authority, Camilla Rosenberg said: “Some of the companies that have received a Swedish license also have technical equipment and a licence in Gibraltar. By opening the communication channels between the authorities we become stronger in our supervisory activities. This is the beginning of a broad and long-term cooperation. Earlier this year we entered a MoU with Malta Gaming Authority. Our plan is to initiate corresponding collaborations with more gambling authorities in Europe.”

GGD’s Executive Director Andrew Lyman said: “Gibraltar is committed to working collaboratively and effectively with first-tier regulators such as the Swedish Gambling Authority who share common values in terms of consumer protection, a fair market, promoting social responsibility and reducing crime associated with gambling.”

Did you like this article?