William Hill gambling operator Mr Green has been fined by the competent Swedish regulator Spelinspektionen for a number of shortcomings, including improper anti-money laundering (AML) control, and responsible gambling due to customers’ lack of policy awareness and duty of caution.
The Swedish Gambling Authority announced Wednesday that it has fined online casinos and bookmakers 31.5 million SEK ($ 3.6 million) for violating various rules and regulations.
The case against Mr Green began in the fall of 2019 after complaints that the operator did not implement a proper AML project and gambling control. Spelinspektionen’s work included details on 15 of the popular brand’s customers who displayed problem gambling behavior or malice in AML programs, placing bets with an operator between January 2019 and June 2020.
The company’s flaws in the fight against money laundering were that Mr Green was processing large deposits for players who could not provide a declaration of the source of funds.
The Swedish regulator, tasked with overseeing the country’s regulated online casino and sports betting sector, cited a case where a client of an operator who made a deposit of SEK 39.3 million and lost a total of SEK 3.2 million. It was found that the reported income of this player barely covered the loss for the year.