Svenska Spel’s subsidiary gets fined

Sweden’s Casino Cosmopol has been fined for anti-money laundering failings.

Sweden.- Swedish gambling regulator, Lotteriinspektionen, has imposed a fine of €780k to Svenska Spel’s bricks-and-mortar gaming business Casino Cosmopol for irregularities regarding anti-money laundering measures.

The subsidiary – that currently has casinos at Gothenburg, Stockholm, Sundsvall and Malmö – was fined for shortcomings in its money laundering work. Casino Cosmopol president Per Jaldung said that the company’s anti-money laundering measures are an ongoing development work that they try to continually improve.

“In dialogue with the Lottery Inspectorate, we have stated that we are in an implementation and development phase. We are aware of the improvements that need to be made, we have a plan for this and it is the top priority for our business,” said Jaldung.

“We respect the Lottery Inspectorate’s decision but are also somewhat surprised because our view is that we have been transparent and had a good dialogue about our plan for money laundering,” he added.