• An investigation by Spelinspektionen, Sweden's gambling watchdog, resulted in fines and monetary sanctions against several operators
• TSG Interactive PLC, Snabbare Ltd and Betsson Nordic Ltd all received fines and warnings
• According to the gambling regulator, the operators breached regulations related to anti-money laundering and customer due diligence

Sweden's gambling regulator, Spelinspektionen, constantly monitors the activities of operators in the country and if necessary, enforces fines, issues warnings and has the power to revoke licenses.

Only recently, the gambling watchdog announced warnings and monetary sanctions of nearly SEK 19m ($2m) against a total of three licensed operators.

Three licensees receive warnings and fines

Two of the warnings and sanctions were announced Friday, while information regarding the third penalty emerged on Monday.

The sanctions follow an investigation by Spelinspektionen and affected TSG Interactive PLC, a company licensed for commercial online betting and gaming via pokerstars.se, Snabbare Ltd, the operator behind faster.com and Betsson Nordic Ltd, which operates betting and online gaming via betsson.com/sv.

The announced fines come after late in April, Videoslots was handed down a SEK12m ($1.26m) fine in Sweden.

The sanction came after deficiencies related to responsible gambling, the gambling watchdog said at the time.

The sanctions follow investigations by Spelinspektionen

Per Spelinspektionen's announcement, TSG Interactive's fine was SEK 7m ($736,100) and it follows identified deficiencies related to customer due diligence.

"The company has not collected sufficient information about where the money comes from. Therefore, they have not been able to understand and assess whether the customers' activities and transactions were legitimate or whether they entailed a risk of money laundering," the Swedish gambling regulator explained about the fine against TSG Interactive.

Besides the hefty monetary sanction, the company received a warning, too.

Similarly, Snabbare Ltd, faster.com's operator, also received a regulatory penalty and a warning.

The fine against the operator was SEK 5.5m ($578,400) and it followed an investigation that identified alleged shortcomings related to anti-money laundering and customer due diligence.

According to Spelinspektionen, Snabbare Ltd failed to collect sufficient information about the source of funds of some customers and determine whether or not some transactions were legitimate or posed a risk of money laundering.

On Monday, Spelinspektionen released details regarding the sanction imposed against Betsson Nordic Ltd, the operator of betsson.com/sv.

After alleged shortcomings related to anti-money laundering, the operator received a SEK 6.5 million ($682,100) fine.

Similarly to the other two sanctions, the Swedish gambling watchdog sent the operator a warning too.

Recently, Spelinspektionen has gone after one operator in the country, Versus Odds B.V., claiming it has been offering games of chance to customers in the country without the necessary license.

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