British and Swedish regulators agree cooperation

The UK Gambling Commission (UKGC) has signed a memorandum of understanding (MoU) with its Swedish counterpart, Spelinspektionen.

The agreement between the two gambling regulators was signed last month and came into effect on November 11th.

The UKGC will work with the Swedish gambling authority to monitor general policy and supervisory issues, matters relevant to remote gambling operators, as well as measures related to anti-money laundering and counter-terrorist financing. Issues relating to betting, gaming and other transactional data will also be included.

“We have excellent relations with other gambling regulators from across the world and our new link up with the Swedish Gambling Authority will give more opportunities to share good practice on a whole host of regulatory issues, cooperate closely and take shared action where appropriate,” said UK Gambling Commission chief executive Neil McArthur.

“This is an important agreement for us. We have common interests in many areas. By opening the communication channels between the authorities we become stronger in our supervisory activities. This is the beginning of a broad and long-term cooperation,” added Camilla Rosenberg, general director of Spelinspektionen.

As part of the agreement, the two regulatory authorities will periodically review the MoU to evaluate the effectiveness of the arrangement and put forward any suggested amendments.

Earlier this year Speinspektionen entered into similar memoranda with the Malta Gaming Authority and Gibraltar Gambling Division.

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