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Compliance Updates

Spelinspektionen Develops New Risk Assessment for Money Laundering in the Swedish Gambling Market

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Spelinspektionen, the Swedish Gambling Authority, has developed a new risk assessment for money laundering in the Swedish gambling market.

In this risk assessment, which replaces previous assessments, the various approaches that enable licensees to be exploited for money laundering, referred to as threats, have been updated to better reflect the current situation. The vulnerabilities of the gaming forms, i.e. circumstances that are assessed to be able to affect the possibility of a threat occurring, have also been revised.

The method for assessing risk has also been revised to harmonise the Swedish Gambling Authority’s risk assessment with the national risk assessment produced by the Coordination Function for Measures Against Money Laundering and Terrorist Financing and the supranational risk assessment published by the European Commission.

The Swedish Gambling Authority has previously assessed that there is a low risk of land-based commercial casino gaming being used for money laundering. The authority’s regulations have therefore exempted the gaming form from the application of the money laundering regulations and a number of provisions in the Gambling Act. In the Swedish Gambling Authority’s new revised risk assessment, the risk of the gaming form being used for money laundering is no longer assessed as low. As a result, the Swedish Gambling Authority has initiated regulatory work to review the exemptions from the requirement to apply the money laundering regulations and register players and agents. Interested parties will have the opportunity to submit comments on the regulatory changes in a forthcoming consultation.

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Belgium’s E Category License

Digitain Expands into Belgium with Regulatory License Approval

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Digitain strengthens its regulated presence in Europe by obtaining Belgium’s E Category License.

Digitain, the leading iGaming solutions provider, has announced that it has been officially licensed to operate in Belgium, marking a significant milestone in the company’s ongoing European expansion. This achievement highlights Digitain’s commitment to compliance, innovation, and delivering trusted solutions to its global partners.

Belgium is a highly regulated jurisdiction with strict standards to ensure fair play and responsible gaming. Securing this license further strengthens Digitain’s reputation as a reliable and compliant technology provider, enabling it to offer its award-winning solutions fully aligned with local regulations.

Digitain remains committed to expanding its regulated market presence, fostering partner success, and upholding the highest standards of compliance and data protection.

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Australia

NICC extends The Star manager’s term for six months

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The NSW Government has amended the Casino Control Regulation to extend the term of The Star’s manager Nick Weeks, who will continue to have oversight of casino operations until at least 31 March 2026.

The government extended Mr Weeks’ term at the request of the NSW Independent Casino Commission (NICC) after the NICC declined to lift the suspension of The Star’s licence.

Mr Weeks will continue to hold the licence for The Star over the next six-month period, allowing the casino to operate gaming facilities while its licence remains suspended.

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The NICC first appointed Mr Weeks to the role of manager in October 2022, when The Star’s casino licence was suspended following the first Bell Review.

NICC Chief Commissioner Philip Crawford said there was still too much uncertainty surrounding The Star to consider reinstating its casino licence at this time.

“The NICC considers it appropriate to continue with the current arrangement so it can better assess the effectiveness of important remediation work and await the outcomes of other pressing financial matters concerning The Star,” Mr Crawford said.

“The NICC understands the many challenges The Star is facing and is closely monitoring The Star’s progress as it works to prove it is capable of regaining its casino licence.”

The post NICC extends The Star manager’s term for six months appeared first on European Gaming Industry News.

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Common Commitment of Care for Problem Gambling

IBCB Launches Common Commitment of Care on Problem Gambling

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The Irish Banking Culture Board (IBCB), together with its member banks AIB, Bank of Ireland and PTSB, launched the Common Commitment of Care for Problem Gambling. The initiative aims to provide consistent and compassionate support to customers affected by problem gambling, reinforcing the banking sector’s role in tackling this important social issue.

The launch event, held at the Dublin Chamber of Commerce, was attended by Minister of State Robert Troy T.D., Department of Finance, alongside representatives from the Gambling Regulatory Authority of Ireland, Gambling Care, and senior leaders from IBCB member banks. The new framework commits banks to practical measures such as dedicated support phone lines, trained staff, voluntary card blocking and signposting to trusted external services like Gambling Care and MABS.

Research shows that 90% of gambling transactions take place online and 99% of all those transactions are funded by debit cards. Voluntary card blocking is therefore a pivotal instrument in stopping the harm and helping customers to take back control of their finances and wellbeing.

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Marion Kelly, CEO of the Irish Banking Culture Board, said: “Problem gambling can cause serious harm to individuals, families and communities. IBCB member banks recognise their responsibility to respond with compassion and practical support when customers reach out for help. This Common Commitment of Care ensures that anyone experiencing gambling difficulties will find clear, accessible supports to assistance through their bank. The introduction of a voluntary card block by AIB, Bank of Ireland and PTSB will make an important contribution to those experiencing problem gambling and IBCB calls on other financial services players to put in similar measures”

Minister of State Robert Troy said: “I commend the Irish Banking Culture Board and its member banks for taking this important step to address the issue of problem gambling. By working together to provide meaningful supports, the banking sector is contributing positively to consumer protection. This Common Commitment of Care is a valuable addition to the broader efforts being made across government and society to tackle gambling-related harms. The Government has committed to tackling problem gambling, through the Gambling Regulation Act and the establishment of the Gambling Regulatory Authority of Ireland, and sectoral cooperation remains key to achieving our aims.”

The IBCB’s Common Commitment of Care builds on its wider mission to enhance trust, fairness and transparency in Irish banking. By standardising the way banks support vulnerable customers, the initiative ensures consistency and reliability, while also directing people towards specialist services such as Gambling Care’s 24/7 helpline and MABS’s free debt and budgeting advice.

The launch reflects a strong commitment by AIB, Bank of Ireland PTSB to support customers impacted by gambling addiction. With collaboration between industry, regulators, government and support organisations, the IBCB and its member banks hope to create lasting, positive change in how problem gambling is addressed in Ireland.

The post IBCB Launches Common Commitment of Care on Problem Gambling appeared first on European Gaming Industry News.

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