Spelinspektionen Introduces New Security System

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Sweden’s gambling regulator, Spelinspektionen, has introduced a new system designed to prevent (or at least contain to some degree) the financing of terrorism and money laundering.

Regulator’s officials are convinced that this new platform, goAML as it is named, will increase the quality of reports filed with the authorities. The platform will commence working on January 13th, 2020 and it will be implemented with all legitimate operators. On January 13th goAML will begin replacing the existing DAR system.

The registration process for using the new platform will begin on December 9th and the reports can be filed after its launch day. The registration process won’t last longer than two days and it will need to be approved by the Swedish police.

Despite being outdated, DAR will be in function until February 29th (integration of a new system will take some time) and from there, a new goAML system will be in place.

Ever since the Swedish regulated gambling market went live on January 1st, 2019, the authorities had full hands, constantly finding irregularities and lawbreakers who sabotaged the industry.

The authorities even had to prevent payment service providers from working with unlicensed operators who undermined the regulator’s authority. It is no doubt that goAML will improve the regulator’s work and help Spelinspektionen to be more efficient in clamping down illegal activities on the gambling market.

Source: https://lcb.org/news/swedens-spelinspektionen-launches-new-anti-money-laundering-reporting-scheme

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