STOCKHOLM, April 27, 2021 /PRNewswire/ — LeoVegas was at this time issued a warning and sanction price of SEK 2M by the Swedish Playing Authority. In accordance with the regulator, the corporate is taken into account to have been in breach of sure buyer due diligence routines with respect to its Swedish clients, through the first 12 months of the Swedish market being regulated (2019). LeoVegas intends to enchantment the choice.
The Swedish Playing Authority at this time introduced a choice to difficulty LeoVegas Gaming plc a warning and sanction price of SEK 2M pertaining to a supervisory case from 2019 regarding the firm’s buyer due diligence routines for Swedish clients. In accordance with the case, the Swedish Playing Authority has solely reviewed the corporate’s routines in 2019.
LeoVegas is regularly growing its insurance policies to make sure compliance and had already earlier than at this time’s choice modified and up to date its buyer due diligence routines.
LeoVegas intends to enchantment at this time’s choice as a way to enable a courtroom to evaluate the matter and provides the whole business additional steering on how the present regulation is to be interpreted.
LeoVegas has 14 manufacturers and licences in eight separate jurisdictions. Every year the corporate is topic to quite a few audits and evaluations by native supervisory authorities and exterior auditors. Compliance has high precedence at LeoVegas and is an space that the corporate is regularly growing as a way to meet the necessities that the regulators – but in addition the corporate itself – places on its operations.
For additional data, please contact:
Gustaf Hagman, Group CEO
+46 (0) 8 410 367 66, firstname.lastname@example.org
Daniel Valiollahi, Director of Communications and Public Affairs
+46 (0) 70 110 29 34, email@example.com
Philip Doftvik, Director of Investor Relations and Company Finance
+46 73 512 07 20, firstname.lastname@example.org
About LeoVegas Cellular Gaming Group:
LeoVegas imaginative and prescient and place is “King of On line casino”. The worldwide LeoVegas Cellular Gaming Group affords on line casino, bingo, dwell on line casino and sports activities betting video games. The Guardian Firm LeoVegas AB (publ) is domiciled in Sweden, and operations are based mostly primarily in Malta. The corporate’s shares are listed on Nasdaq Stockholm. www.leovegasgroup.com
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SOURCE LeoVegas Cellular Gaming Group