In connection with supervision, the Swedish Gambling Authority has identified shortcomings in Snabbare Ltd’s work with, among other things, customer due diligence. The company has not collected sufficient information about where the money comes from. Therefore, they have not been able to understand and assess whether the customers’ activities and transactions were legitimate or whether they posed a risk of money laundering. Snabbare Ltd is therefore being issued a warning and a sanction fee of SEK 5.5 million.
On 1 June 2024, the calculation basis for penalty fees in the Gambling Act for violations of the money laundering regulations was changed. The violations in the case occurred before the amendment to the Gambling Act, so the new calculation basis should not be applied. The penalty fee can therefore be set at a maximum amount equivalent to EUR 1 million.
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