The Swedish Trade Association for Online Gambling (BOS) has called for the Swedish Gambling Authority (SGA) to adopt supervisory methods more closely aligned with those of other government agencies. BOS made this recommendation following a commissioned study by Nordic Legal that compared the SGA’s approach to supervision and sanctions with similar Swedish regulatory bodies.
Comparative Study Highlights Differences
The BOS-commissioned report, titled ‘Under Scrutiny – The Swedish Gambling Authority compared with other Swedish authorities,’ analyzed how the SGA's practices differ from those of the Swedish Financial Supervisory Authority, the Stockholm County Administrative Board, and the Swedish Schools Inspectorate. The study focused on anti-money laundering supervision, assessments of ownership and management suitability, and the application of sanction fees.
According to BOS, the findings show that the SGA tends to use a more formalistic and less risk-based approach than its counterparts. The SGA also places greater emphasis on timely documentation from senior management, whereas other agencies focus more on the suitability of individuals for their roles. Additionally, the SGA reportedly imposes harsher sanction fees relative to the maximum possible penalties.
Implications for Operators and Stakeholders
BOS believes that aligning the SGA’s practices with those of other Swedish authorities could benefit the regulated gambling market. A shift towards a more risk-based supervisory approach could enhance anti-money laundering efforts and improve overall regulatory oversight. BOS hopes the report will serve as a resource for decision-makers and inspire greater collaboration between the SGA and the licensed market.
SGA Responds to EU Money Laundering Proposals
Separately, the SGA has responded to a Ministry of Finance memorandum regarding legislative changes to bring Swedish law in line with the EU’s money laundering package, which is mainly set to come into force in July 2027. The SGA expressed general agreement with the proposals but opposed taking on new supervisory duties over registration lotteries and raised concerns about certain supervisory provisions and the combination of information orders with fines.
Key takeaways
- BOS recommends the SGA align its supervisory approach with other Swedish regulators.
- The study found the SGA uses a more formalistic and less risk-based methodology.
- BOS believes adopting other agencies’ methods could strengthen anti-money laundering efforts and regulatory collaboration.
- The SGA has responded to proposed EU-driven changes to Swedish anti-money laundering laws, voicing some objections.