The Swedish Gambling Authority has issued a warning and fine of SEK 2 million for deficiencies in customer due diligence at Casino Cosmopol. The supervision covers work carried out in 2019 and 2021. As the Swedish Gambling Authority states in its decision, Casino Cosmopol implemented during and after the regulatory period improvement measures that reduced money laundering risks . The Swedish Gambling Authority also assesses that Casino Cosmopol will be able to comply with regulations in the future.
"We have high ambitions for our work and have implemented comprehensive new tools and procedures, which have significantly improved and developed our anti-money laundering work. We take into account the criticisms of the Swedish Gambling Authority and, to the extent that deficiencies have not already been corrected, we will address them", he claims Ola Enquist, CEO of Casino Cosmopol.
Examples of improvement measures implemented by Casino Cosmopol include recorded play on gaming machines and gaming tables, lower thresholds for checks, better system support for transaction recording and transaction monitoring, in-depth training on money laundering of money and an increase in dedicated staff for follow-up and monitoring.
"Money laundering is a serious social problem that must be fought in all ways. We will now carefully review and analyze the decision of the Swedish Gambling Authority“, says Ola Enquist.
