Online casino operators in Sweden are finding it harder to offer bonuses to players, due to a change in the rules on money laundering. Spelinspektionen, the regulator which governs the Swedish gaming market has already hit a number of online casino brands with big fines for their failure to comply with the rules, which place a limit on the number of available bonuses.
Both Betway and Mandalorian Technologies have been caught out by the regulator for failures relating to the new rules. In fact the total fines handed out to the two companies added up to €1.3 million. Since then they have been additional fines with AG Communications, Betsson Casino and SkillOnNet all falling foul of the new rules .
In the case of these companies the fines relate to their failure to remove pre existing bonus offers from their sites when the new rules came into effect on January 1, 2019 . These rules say that any promotions, welcome bonuses or player office given by an online casino have to be limited to just one per individual player. This marks a major change in the way that the online gambling sector in Sweden operates, as previously they were able to offer multiple bonuses at any given time.
The rules also apply to office such as cash back. no deposit bonuses and discount offers and have led to significant uncertainty within the European online gaming industry. Two operators, Guts and Risk have suspended their operations in Sweden in order to avoid being penalised. Other companies may follow suit, as there is a general belief among internet gambling companies that the regulator in Sweden is not being clear about how the rules should be applied. But there is no sign of the Swedish regulator changing its stance on this issue in the short term.