Sweden: Casino Cosmopol violates money laundering rules


November 28 2018

The Lottery Inspectorate’s review shows that Casino Cosmopol AB is failing in its efforts to counter money laundering and terrorist financing in all areas investigated.

The Lottery Inspectorate has found that the deficiencies are serious and in many cases systematic. The risk is therefore high that the casino may have been used for money laundering. In an overall assessment of the nature of the infringements and taking into account the casino’s strong financial position, the Lottery Inspectorate determines the penalty fee of SEK 8 million.