Swedish Gambling Authority to Crack Down on Criminal Accounts

In a bid to combat fraudulent gambling activities, the Swedish Gambling Authority (Spelinspektionen) has announced plans to scrutinize accounts used by criminals. Concerns over the risks associated with such accounts have prompted the regulator to draft legislation proposals, taking into account Sweden's socio-economic landscape.

The proposed legislation aims to strengthen the current regulatory framework and provide recommendations for financial institutions to better tackle fraudsters. One key consideration is the potential integration of gaming accounts into a more secure system, allowing authorities easier access to information about the identity of account holders and their activities.

The Swedish Tax Agency has introduced the Mechanism technical platform, which facilitates direct access to account and safe deposit data from credit institutions and investment companies. This initiative will empower relevant authorities to take swift action against suspected fraudulent activities, bolstering efforts to maintain integrity in the gambling industry.