Swedish court sustains fine against Casino Cosmopol. Land-based casino brand Svenska Spel, Casino Cosmopol lost its appeal against a fine for anti-money laundering failures back in 2018.
The Swedish Court of Appeal ruled that the SEK3m fine levied was sufficient, rejecting both the operator’s appeal and the national gaming regulator Spelinspektionen’s appeal for an increase in the size of the fine.
Spelinspektionen, then Lotteriinspektionen, originally issued an SEK8m fine to Casino Cosmopol for failing to comply with licence requirements for money laundering and terrorist financing over a seven-month period from January 1 to July 31, 2018.
It found that the operator had failed to record incidents such as a player spending SEK99,000 on slot machines in one evening. The fine was reduced to SEK3m by Sweden’s Administrative Court after Casino Cosmopol appealed, a decision that Spelinspektionen then subsequently appealed on the ground that the offences amounted to “serious and systematic violations of gaming regulations.”
[image: Casino Cosmopol]