Kindred Group is considering an appeal after its Spooniker subsidiary received a warning and sanction fee from the Swedish regulatory body.
Spelinspektionen has handed out a sanction fee of SEK10.9m for failures in Spooniker’s enhanced due diligence requirements. The subsidiary operates bingo.se, mariabingo.se, mariacasino.se, storspelare.se and unibet.se sites in Sweden.
The Swedish authority has also voiced concerns over Spooniker not taking sufficient measures to assess money laundering and terrorist financing risks.
The investigations relate to the period between January 2019 and February 2022, in which time Kindred said it has taken action to improve and strengthen its processes.
Kindred added that it “fully shares the SGA’s ambition to prevent money laundering and terrorist financing”, and that AML is a “priority” for the operator.
Kindred’s actions to combat AML and associated risks, the company said, include processes such as asking high-risk customers to send bank statements or face account closure.
“Kindred also takes note of the SGA’s view that improved processes have been put in place since the investigation took place and that these are now compliant,” a statement concluded.