Global Gaming is going to appeal Spelinspektionen’s decision to revoke its license in Sweden.
The Swedish gambling regulator has revoked the license of Global Gaming’s subsidiary SafeEnt Ltd, after conducting a thorough review of its operations in Sweden. The regulator’s review detected “serious deficiencies” in its anti-money laundering, know your customer, and social responsibility policies. The company was also found to have breached Sweden’s rules for bonus offers.
Tobias Fagerlund, the acting CEO of Global Gaming 555 AB, said that Spelinspektionen’s decision was odd as his company and its legal advisers were under impression that all obligations it had as a licensee were complied with.
The gaming authority said in a statement that SafeEnt lacked effective anti-money laundering and terrorist financing tools and that the review conducted showed “serious and systematic shortcomings” in the operator’s risk assessment and KYC.
