ATG, the horse racing betting monopoly in Sweden, has efficiently appealed its $554,191 high-quality and raised questions concerning the playing regulator’s actions. [Image: Shutterstock.com]
Sweden’s monopoly horse racing betting operator AB Trav och Galopp (ATG) has efficiently had its SEK6m ($554,191) high-quality overturned. The nation’s playing regulator, Spelinspektionen, gave ATG a warning and issued a high-quality in August 2022 over anti-money laundering failings. The investigation found numerous shortcomings, together with an emphasis on interactions with eight accountholders.
ATG contested the judgement, claiming that it correctly carried out the suitable risk-based actions. The Administrative Court docket in Sweden concluded that there have been some shortcomings, however that they weren’t substantial sufficient to lead to a high-quality and a warning.
believes that the regulator ought to focus extra time on supporting operators
ATG CEO Hasse Lord Skarplöth hailed the choice and stated it raises a variety of bigger questions on Spelinspektionen. He believes that the regulator ought to focus extra on supporting operators within the licensed sector somewhat than punishing them.
Hasse Lord Skarplöth additionally believes that the regulator ought to spend time and assets on going after unlicensed operators that focus on individuals in Sweden. Spelinspektionen now has three weeks to submit its personal attraction.