Lotteritilsynet proposes up to NOK2m fee for Norsk Rikstoto breaches

Norway’s Lotteritilsynet notified Norsk Rikstoto of a proposed breach fee of up to NOK2m and a coercive fine of NOK50,000 per day until deficiencies are corrected, after finding six breaches of anti-money-laundering law. The regulator said Norsk Rikstoto has three weeks to respond before it makes a decision; the notice also cited missing customer data required to be retained for five years.