The Swedish government has given the regulator Spelinspektionen new measures in order to combat illegal gambling.
The changes were first announced in December of last year. They mainly relate to payment providers, and Spelinspektionen’s regulatory powers.
Now that the bill has been approved, payment providers are required to provide certain information to Spelinspektionen. It will also include information on the use of their systems to process payments from and to unlicensed operators.
The government stated that the changes will allow a more efficient blocking system, which allows the regulator and payment providers work together in order to combat illegal gambling.
Niklas Wykman, Sweden’s Minister for Financial Markets, said that illegal gambling businesses cause great harm and should be removed from the Swedish market. “We are blocking payment mediation to criminal activities, and increasing consumer protection in Sweden.”
Changes to the regulatory framework will be implemented on 1 July.
The government announced in its Spring Amendment Budget that Spelinspektionen will receive a larger grant to strengthen its efforts against illegal gambling.
The government also called for Spelinspektionen, and the national financial supervision authority Finansinspektionen, to collaborate more closely in order to combat illegal gambling.
The government stated that collaboration between two bodies would help to strengthen efforts in order to increase control over gambling-related monetary transactions.