This story was published more than 1 year ago.
This week Sweden's Administrative Court ruled in favor of Casino Cosmopol in a dispute with the country's gaming regulator, lowering a fine for violating money-laundering conditions from SEK 8 million to SEK 3 million.
The fine was initially laid on Casino Cosmopol last year by Lotteriinspektionen after an investigation found the operator violated regulations to fight money laundering, laying the hefty fine on the land-based operator. The company appealed the fine a month later, and the Administrative Court eventually ended up hearing the case last month.
The Court ruled that the extent of the violations should have seen the fine lowered to SEK 3 million, and they adjusted the fine as such. Understandably, Lotteriinspektionen was not happy with the results and said that they were planning on filing an appeal.
For their part, Casino Cosmopol says that they've rectified the issues, and are working on remaining compliant moving forward.