Sweden’s court upholds SEK3m AML fine against ATG
Sweden’s Administrative Court rejected ATG’s appeal against Spelinspektionen’s SEK3m penalty for inadequate anti-money laundering safeguards, according to the reported ruling. The court also declined the regulator’s request for a higher sanction, finding the breach did not warrant an increase.
The ruling confirms ATG’s penalty and the court’s decision not to increase the amount sought by the regulator.