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Swedish Court Reduces Casino Cosmopol’s AML Penalty

 The HALLO ECHO
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  Sweden’s Administrative Court has reduced the penalty issued to Casino Cosmopol in 2018 from SEK8m to SEK3m. The fine was issued by Lotteriinspektionen in relation to systematic deficiencies in Casino Cosmopol’s policies related to money laundering and terrorist financing in November 2018. Casino Cosmopol submitted an appeal against this in December 2018, which was…

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UKGC Imposes £322,000 Fine on Betfred for Money Laundering Failures

 The HALLO ECHO
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  The UK Gambling Commission (UKGC) has imposed a fine of £322,000 on online gambling operator Petfre, trading as Betfred, for money laundering failures. An investigation by the Gambling Commission revealed that the operator failed to carry out adequate source of funds checks on a customer who deposited £210,000, and lost £140,000, of stolen money…

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LeoVegas Wins Swedish Online Gambling License Extension

 The HALLO ECHO
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  LeoVegas has won the court battle against the Swedish regulator’s decision to issue a two-year gaming license rather than the standard five-year term. In November 2018, LeoVegas was among the first online gambling operators to be issued a license to operate in Sweden’s new regulated market, which took effect in January. But while the…

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ASA Bans Casumo Ad for Targeting Problem Gamblers

 The HALLO ECHO
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  The ASA has banned an ad of the online casino Casumo after it targeted the customers who googled “How to unsubscribe from all gambling.” The ASA said it considered anyone searching “how to unsubscribe from all gambling” was looking for ways to reduce their access to gambling. “We considered such consumers would be likely…

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IBIA Urges New Zealand to Adopt an International Gaming Licence System

 The HALLO ECHO
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  The International Betting Integrity Association (IBIA) has urged the New Zealand government to adopt an international gaming licence system. The New Zealand government launched a public consultation into widening the number of permitted operators allowed to offer online betting services in the country. At present, TAB and Lotto NZ are the online firms allowed…

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Norway Cancels Approval of 211 Charitable Organizations

 The HALLO ECHO
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  Lotteri-og stiftelsestilsynet (Lottstift), the gambling regulator of Norway has cancelled the approval of 211 organisations for operating lottery and bingo games for charitable purposes. The regulator has found that these organizations failed to report their accounts within the deadline. Of those that have had their approval revoked, 51 held licences to operate lotteries and…

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