In 2020, the financial Police in Sweden received suspected money laundering reports of more than 700; the Swedish regulator authority revealed that. The reported cases of alleged money laundering increase by nearly 15 percent compared to the last year 2019.
In 2020, 700 Reports Filed as Suspected Money Laundering
Spelinspektionen, Swedish Regulator, announced that Sweden’s financial police received more than 700 money laundering cases. In last year reports received from banks, gaming companies and other payments about suspected money laundering were 705.
Currently, the Swedish license holds only half of the 70 Gaming Companies for online betting and gambling. The number of reports increases by 14.8 percent in 2020, contrasted to the information obtained in 2019.
There may observe under-reporting, acknowledge the regulator, considering how many suspicious cases about money laundering raises by how many gambling companies. For money laundering, the gaming industry used by criminal groups and other organizations.
For commercial online gaming, the Swedish regulator raised another point, and that is, for a large sum of money laundering, the online game presents a great opportunity.
To Report Suspicious Transactions Spelinspektionen Urges Operator
The regulator states that it does not necessarily mean that illegal activities, financial activities, or money laundering conducted if a suspicion report filed against a gaming company. If from illegal activity suspicion money coming, Spelinspektionen urged the companies to report. Denied transactions also need to register, the Swedish regulator says.
Generated net sales of licensed operator data were released recently in 2020 by the Swedish gambling authority, besides the number of money laundering reports. Net sales of SEK 24.7 billion generated by the licensed operators last year. Compared to 2019, a decrease of 0.4 percent represented by this.
In 2020, by online gambling activities, the more significant cut of the revenue raised—the net revenue of licensed online gambling operators presented by SEK 15.2 billion.
