Gambling Regulators Of Sweden And Uk Combine Efforts

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April 21, 2022
2 minutes

Sweden gambling (spelinspektionen) and garden gardening regulator announced the details of the new memorandum of understanding (mov). The purpose of the argement is to expand cooperation between the two control bodies.

Gambling Regulators of Sweden and UK Combine Efforts

Memorandum energed into force on november 11. It is assumed that cooperation will allow to share best practices in the field of regulatory policy and the development of procedural aspects of regulation.

Joint work will be built around an understanding of the general components of mutual policies, as well as the operational aspects of the activities of the regulatory authorities. Indition, the regulators will help each other in the direct carrying out of some limiting operations.

Under the sightseeing of collective action will be fraud in the the online segment, counterator money laundering and terrorist financing, as well as transactional control data.

Gambling regulators also agreed to exchange information that can adversely affect the work of remote operators.

The agreement provides for a periodic revision of the memorandum in order to assess the effectiveness of cooperation with subsequent optimization.

The executive director of the uk gambling commission nile makurtur stated that the gambling regulator actively cooperates with regulatory bodies around the world, but the new agreement with the swedish department will allow to share experiences on a variety of regulatory issues.

Camilla rosenberg, general director spelinspektionen, added that signing a memorandum – beginning of large-scale and long-term cooperation.

At the beginning of this year, such memorandums were concluded between the swedish side, as well as the gibraltar gambling department.

Recall that in the uk, the risks associated with gambling are actively learning.

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