Swedish Administrative Court upheld decision findings by the Swedish Gambling Authority that Betsson has breached regulations concerning anti-money laundering (AML).
The situation arose from enforcement action taken against Betsson Nordic, Spooniker and Snabbare back in May 2025. These three companies were fined SEK 6.5 million, SEK 10 million and SEK 5.5 million accordingly due to inadequacies in customer due diligence that were discovered throughout 2023.
The authority found that the companies in question failed to do the necessary checks to determine the source of funds for customers who deposited significantly more than their taxable income.
The companies explained their position by stating that the money used for deposits had been winnings from previous gambling activities, but the authority insisted that this was not enough evidence that the funds withdrawn from betting would be returned to the same source accounts.
The Betsson stated:
The interpretation of the Swedish Gambling Authority, that licensees may only take into account previous withdrawals if they have verified that they are indeed from there as later deposits by continuously obtaining account statements is incorrect. It goes against the previous practice of the administrative court, the preparatory work of the money laundering regulations and supranational guidance. Furthermore, it lacks a connection to both the risk-based approach and the facts of the case. The interpretation is also disproportionate and violates the principles of equal treatment.
It also described the regulator’s approach as “disproportionate” and inconsistent with the principles of equal treatment.
