ATG Fined SEK 3 million for Violating Anti-money Lundering Regulations
The Administrative Court of Appeal in Jönköping has ruled that Aktiebolaget Trav och Galopp (ATG) seriously breached rules designed to prevent money laundering and terrorist financing. The operator received an official warning and a fine of 3 million Swedish kronor.
Court Upholds Regulator’s Decision
The ruling marks the conclusion of a legal dispute between ATG and the Swedish Gambling Authority (Spelinspektionen), which began in November 2022. At that time, the regulator imposed a SEK 6 million fine on ATG, citing inadequate measures to mitigate the risks of money laundering and terrorism financing.
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ATG appealed the decision to the lower administrative court, which sided with the company and overturned the fine. However, the Court of Appeal has now reversed that ruling and supported Spelinspektionen’s position, concluding that ATG failed to carry out proper customer due diligence.
Violations Confirmed but Penalty Reduced
Judge Louise Millqvist stated in a press release:
“Det rör sig om en överträdelse av grundläggande regler om kundkontroll och det har varit fråga om betydande belopp.”
(“This is a violation of basic customer due diligence rules and the amounts involved were significant.”)
While the court acknowledged that the breaches were serious, it deemed them not severe enough to justify the full SEK 6 million fine originally imposed by the regulator. Instead, the court reduced the sanction to SEK 3 million.
Ongoing Scrutiny in Sweden’s Gambling Sector
The case highlights Spelinspektionen’s continued enforcement of compliance standards across the licensed gambling market. The decision may also serve as a reference point for how customer verification and AML obligations are assessed in future regulatory actions.