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BOS approves equalization of AML fines if set at lower level
In a referral reply, Swedish BOS approves the Ministry of Finance’s proposal that AML fines should be equated with fines according to the Gambling Act. To date, AML fines have been significantly lower than fines for other violations that gambling companies may be guilty of. BOS points out, however, that in the future, according to a decision in the Supreme Administrative Court from last spring, fines related to gambling companies must be based on Gross Gaming Revenue and not turnover, which should lead to fines imposed being determined at a significantly lower level than until now.
BOS statement to the Ministry of Finance is attached. The proposal from the Ministry of Finance may be read here: https://www.regeringen.se/rattsliga-dokument/departementsserien-och-promemorior/2023/06/en-justerad-sanktionsavgift-vid-overtradelser-av-penningtvattslagen-och-ett-skriftlighetskrav-vid-telefonforsaljning-av-speltjanster/
