Spelinspektionen receives new regulatory powers
The Spelinspektionen has recently been given more powers to fight against unregulated gambling in Sweden.
The Swedish government has recently added a mandatory requirement for all payment service providers operating in the country to share certain transaction data with the Spelinspektionen. This will mainly have the aim of obtaining the information that was used in transfers to and from illicit gambling operators.
This move will also mainly apply to such transactions and will be another factor that will help the gambling regulatory authority inhibit the illicit operations of unlicensed companies.
This latest announcement follows a recent similar move, as part of which the country’s government granted the gambling regulator the power to block transactions to and from unauthorized casinos as part of a recently announced collaboration with the Swedish financial regulator, Finansinspektionen.
The latest move, along with its aforementioned preceding one, is part of the Spelinspektionen’s recent funding boost, which saw the regulator’s funding increase by 2.4 million krona. Additionally, its latest abilities to control transactions to fight against unauthorized operators were originally proposed at the same time when the regulator’s funding increase was approved.