{"id":6024,"date":"2023-11-03T05:49:47","date_gmt":"2023-11-03T05:49:47","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2023\/11\/03\/swedish-regulator-imposes-fine-on-videoslots-for-aml-and-ctf-failures\/"},"modified":"2023-11-03T05:49:47","modified_gmt":"2023-11-03T05:49:47","slug":"swedish-regulator-imposes-fine-on-videoslots-for-aml-and-ctf-failures","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2023\/11\/03\/swedish-regulator-imposes-fine-on-videoslots-for-aml-and-ctf-failures\/","title":{"rendered":"Swedish Regulator Imposes Fine on Videoslots for AML and CTF Failures"},"content":{"rendered":"<div>\n<p>In a noteworthy move, the well-known gaming operator Videoslots has been subject to disciplinary action by the Swedish gambling authority Spelinspektionen. Videoslots has been charged by the regulatory authority for breaking anti-money laundering (AML) and counter-terrorist financing (CTF) legislation, as well as for failing to conduct an acceptable risk assessment.<\/p>\n<p>Under regulatory scrutiny is Videoslots, a licensed operator that provides gambling services in Sweden via its videoslots.com website. In 2021, Spelinspektionen began analyzing the operator\u2019s AML procedures with the main goal of making sure Videoslots had a thorough grasp of its client profile. But this inquiry turned up serious flaws that validated the regulator\u2019s fears that Videoslots had not been carefully evaluating the risk profiles of its clients.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/record.revmasters.com\/_a1BXbZV3uxxVQ9qiBeFuTWNd7ZgqdRLk\/1\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/record.revmasters.com\/_a1BXbZV3uxxVQ9qiBeFuTWNd7ZgqdRLk\/1\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow noopener\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. 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Videoslots has been hit with a heavy fine of SEK 9 million, or around $809,300, in addition to a strong warning for these violations. The potential for these breaches to aid in money laundering and the funding of terrorism makes them extremely serious and causes regulatory agencies great concern.<\/p>\n<p>It\u2019s important to note that this fine is one of the more severe sanctions that Spelinspektionen has ever levied. The regulator also made note of the fact that the Money Laundering Act allows for a maximum penalties of EUR 1 million, or around $1.06 million.<\/p>\n<p>The legal action against Videoslots makes it abundantly evident how strict Swedish rules are and how important it is for gaming companies to follow AML and CTF guidelines. It also emphasizes how important it is for operators to keep a close eye on their clientele and to constantly identify and reduce hazards. 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Exclusive Welcome Bonus of 250% + $125 Free Chip<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"http:\/\/download.katscasino.com\/affiliate\/remote\/aiddownload.asp?casinoID=1007&#038;gAID=122859&#038;subGid=0&#038;bannerID=25663\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow noopener\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/casino-news\/swedish-regulator-imposes-fine-on-videoslots-for-aml-and-ctf-failures\/\">Swedish Regulator Imposes Fine on Videoslots for AML and CTF Failures<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In a noteworthy move, the well-known gaming operator Videoslots has been subject to disciplinary action by the Swedish gambling authority Spelinspektionen. Videoslots has been charged by the regulatory authority for breaking anti-money laundering (AML) and counter-terrorist financing (CTF) legislation, as well as for failing to conduct an acceptable risk assessment. Under regulatory scrutiny is Videoslots, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-6024","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6024","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=6024"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/6024\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=6024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=6024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=6024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}