Swedish Administrative Court upholds Mr Green’s AML sanction

Sweden’s Administrative Court in Linköping has dismissed an appeal by Mr Green regarding perceived violations of the Money Laundering Act and shortcomings in the group’s duty of care under the Gambling Act.

As reported by the Spelinspektionen, the country’s gambling regulator, the company’s appeal is said to have been rejected “in its entirety.”

The SGA stated that “the court finds that Mr Green has had a lack of routines regarding the risks of money laundering and has violated the Money Laundering Act’s rules on customer knowledge. 

“The court further considers that Mr Green has not fulfilled his obligations under the duty of care.” 

It is added that a warning was deemed to be a sufficient measure, with penalty fees handed down, which totaled SEK 31.5m (€3m), considered to be proportionate.

In August 2021, the Swedish regulator reported that Mr Green had failed in its work with customer knowledge and had not taken the necessary measures urgently enough to assess the risk of the business being used for money laundering. 

As a result, the perceived violation was deemed as serious, with a warning and penalty fee of SEK 1.5m (€140,000) handed down.

Furthermore, it was reported that the online casino brand had not taken sufficient measures to help customers reduce their gambling when there was deemed to be reason to do so. This brought a warning and a penalty fee of SEK 30m (€2.9m).