MR. Green receives $3 million fine for not promoting responsible gaming in Sweden

Mr. Green was fined $3.62 million by the Swedish Gaming Authority (SGA) for violations of anti-money laundering (AML) mechanisms.

Considering the Money Laundering and Gaming Liability Laws in the country, the company was penalized because it “did not take sufficient measures to help customers reduce their bets” and “failed in its work to identify the customer profile” in order to reduce risks of money laundering.

The group also received a warning notice, in addition to fines for violating money laundering and responsible gambling rules. These deficiencies were considered serious enough for two warnings to be issued.

The Money Laundering Act states that the maximum penalty for breach of compliance is $1.17 million. However, the legislation allows for a higher amount in fines – which is calculated based on the gaming and betting company’s revenue.

Mr. Green was punished for not fighting excessive gaming among its users

This punishment cost the company dearly. In terms of Gaming Liability, the licensee in the Swedish market must protect players against excessive gambling and help them reduce the stakes when there is a real reason to do so.

Due to the operator’s lack of efforts to help its customers reduce their games, thus promoting the concept of responsible gaming, Mr. Green will be forced to make adjustments in his performance in the country and pay the fine. After all, the Money Laundering Act prevents gaming companies from being used for money laundering or financial terrorism.

Therefore, it is a duty that the game industry in Sweden must fulfill, identifying its players. However, Mr. Green did not take the necessary steps to comply with this determination and, as a result, received a warning and an extra fine.