Spelinspektionen, Swedish gambling regulator, has unveiled a new anti-money laundering (AML) for the gambling operators to report suspicious financial transactions and terrorist financing.
The goAML system is a fully integrated software solution developed specifically for Financial Intelligence Units (FIU’s) by the United Nations Office on Drugs and Crime (UNODC), as part of its strategic responses to financial crime, including money-laundering and terrorist financing.
goAML opens for registration on December 9th and will replace Sweden’s existing AML reporting system on January 13th, 2020. DAR will remain open until 29 February 2020 to give operators enough time to transition over to the new system. However, Spelinspektionen said that once a report has been input into one system, it should not then be filed with the other.
From 1 March, DAR will close and all official anti-money laundering and terrorist financing reports should only be filed on goAML.
Sweden’s finance police say they expect to approve correctly submitted registration applications within 48 hours of submission and have advised operators to register at the earliest opportunity.
More recently, Spelinspektionen called on payment service providers not to do business with unlicensed gambling operators targeting the country’s regulated igaming market. By working with companies that had not secured licence, it said, payment processors were undermining its regulatory efforts and violating the Gaming Act.
