The Swedish Gambling Authority (SGA) formally sentenced the company to a warning and fine of $998,000 for failing to improve its response to money laundering and terrorist financing, amounting to approximately 10.9 million kronor (roughly 10.9 million kronor).
The Swedish Gambling Authority (SGA) claimed: “Kindrid failed to meet enhanced due diligence requirements and did not do enough to assess the risk of services being used in money laundering and terrorist financing.” 바카라사이트
Improved AML procedures, including enhanced AML procedures. For example, high-risk customers are required to send bank statements and failure to comply will result in account closures, where applicable suspicious transaction reports (STRs) being submitted to the Financial Police;
Introduction of a backstop based on financial indicators and ordinary income for high-risk customers;
Expanded and thorough customer risk assessment, detailed transaction and gameplay review, product risk, affordability risk and risk review related to the payment method used;
Increase in risk assessment customers and suspected transaction reports (STRs) sent to financial police;
Expand your Anti-Money Laundering (AML) team to manage growing needs to properly identify and manage customer risk.
Kindred Group is an innovative and internationally recognized online gambling company with development offices throughout Europe, the United States, and Australia. Founded in 2000, its own unique brand, Unibet, is Malta’s first international licensed brand.
The company focuses on delivering a premium online casino gaming experience by providing customized content to 30 million customers and employs more than 2,000 people annually.
The company is listed on Nasdaq Stockholm Large Cap, a member of the European Gaming and Betting Association (EGBA), and one of the founders of the International Betting Integrity Association (IBIA).