New bill enables Spelinspektionen to block transactions

New bill enables Spelinspektionen to block transactions

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New bill enables Spelinspektionen to block transactions

The recently passed bill will enable the Spelinspektionen to block transactions to and from illegal operators.

This news follows the recent introduction of the proposal, which intended to give the regulator the power to work with local financial institutions to intervene with transactions coming from and going to unauthorized gambling operators.

However, this new bill includes a number of other amendments as well, such as the power for the Spelinspektionen to test the gambling services of regulated operators with a hidden identity to gauge the compliance levels of the country’s regulated gambling market.

The new bill has also introduced an obligation for local gambling operators to share data with the country’s police, helping the latter in investigations relating to various crimes, such as money laundering and match-fixing. Moreover, the regulator will be enhancing its efforts towards countering the latter through the use of stored personal data relating to match-fixing incidents.

This announcement is the latest one in the Spelinspektionen’s recent enhancements carried out by the Swedish government, which started out back in April with a 2.4 million krona funding increase approved by the country’s parliament.

Lastly, the new changes will go into full effect in about one and a half months on the 1st of July.

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