AI Summary
Sign in to listen

Sweden orders SCGO to overhaul AML risk assessment

Spelinspektionen has ordered Vbet operator SCGO Limited to address deficiencies in its anti-money laundering risk assessment.

2 min read
Sweden
Key Points
The Swedish Gambling Authority found shortcomings across five areas of SCGO's general risk assessment: products and services, payment instruments, customer categories, distribution channels and geographic risks
SCGO must submit a revised risk assessment to the Authority no later than November 30, 2026, with the order taking immediate effect

Sweden's gambling regulator Spelinspektionen has ordered SCGO Limited, the operator of Vbet, to correct deficiencies in its general risk assessment under the country's Money Laundering Act.

The company was given until November 30, 2026 to submit updated documentation.

The authority opened supervision proceedings against SCGO on February 20, 2026, to assess the company's compliance with chapters two to four of Sweden's Money Laundering Act. As part of that process, Spelinspektionen reviewed two versions of SCGO's general risk assessment: one dated September 2021 and valid until August 2025 and a revised version dated September 2025 which has been in force since that date.

The regulator found that SCGO's risk assessments contained contradictory information about whether the company offers poker, making it unclear which services it actually provides. 

It also determined that the company had not assessed risks at the level of individual game type, that the link between identified risks and payment instruments was unclear, and that the methodology used to calculate residual risk was insufficiently explained across multiple risk categories.

On customer risk, the authority concluded that SCGO had not adequately identified or analyzed the customer categories present in its operations, making it impossible to determine whether the company's risk mitigation measures were proportionate. Regarding geographic risk, Spelinspektionen found that SCGO's assessment addressed high-risk countries but did not account for risks linked to customers residing in areas designated by Swedish police as particularly vulnerable zones.

The corrective order was signed by acting director general Johan Röhr. Spelinspektionen noted that the violation is ongoing and that the order must be complied with immediately.

This is not the first time SCGO has faced AML scrutiny. In December 2025, the Dutch regulator Kansspelautoriteit issued a warning to Vbet following an April 2025 investigation that identified shortcomings under the Netherlands' Money Laundering and Terrorist Financing Prevention Act.

Good to know

Earlier this month, Spelinspektionen proposed new technical regulations that would consolidate two existing rulebooks and align them with Sweden's updated responsible gambling framework

Reaction Board

Set Global Gaming Insider to be your preferred search result

In The News

View all
Fanatics IC360
[ELEVATED IMPORTANCE]

Fanatics agrees to ‘groundbreaking’ partnership with IC360 to establish Bad Actor Program

IC360 will collaborate with Signify Group’s Threat Matrix service to monitor for targeted abusive and threatening content across multiple social media platforms by the start of the NFL season.

· Responsible Gambling + 4