Deal will see top-performing content go live with the number one operator in SwedenLUXEMBOURG, Oct. 03, 2022 NeoGames S.A , a technology-driven provider of end-to-end iLottery and iGaming. | October 3, 2022
27th April 2021
| By Daniel O Boyle
Online operator LeoVegas will appeal the SEK2m (£125.3m/€144.2m/$174.2m) penalty fee it received today from Swedish regulator Spelinspektionen for anti-money laundering failings, arguing the fee was unnecessary as it had already improved its due diligence routines.
The regulator issued LeoVegas with a warning and a SEK2m penalty fee today after finding several anti-money laundering (AML) failings relating to LeoVegas customers with particularly large winnings.
Spelinspektionen said that documentation for some of these customers was inaccurate or insufficient. It also pointed out that some were classed as at medium or low risk of money laundering despite evidence to the contrary.