Sweden’s government has issued regulator Spelinspektionen a range of new measures to help combat illegal gambling in the country.
First announced in a bill introduced in December last year, the changes primarily relate to payment providers and Spelinspektionen’s regulatory powers in this area.
With the bill now having been approved, payment providers will be required to submit certain information to Spelinspektionen. This includes details on whether their systems are being used to process payments to and from unlicensed operators in Sweden.
The government said that the changes would enable a more efficient system for blocking payments, allowing the regulator and payment providers to work together to combat unlicensed gambling.
“Illegal gambling business causes great damage and must be removed from the Swedish gambling market,” Sweden’s minister of financial markets, Niklas Wykman, said. “What we are doing now is aimed at blocking payment mediation for such criminal activities and t..