{"id":4037,"date":"2018-12-20T16:40:49","date_gmt":"2018-12-20T16:40:49","guid":{"rendered":"https:\/\/www.top10casinowebsites.net\/news\/?p=4037"},"modified":"2018-12-20T16:41:29","modified_gmt":"2018-12-20T16:41:29","slug":"casino-cosmopol-appeals-money-laundering-fine","status":"publish","type":"post","link":"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/","title":{"rendered":"Casino Cosmopol Appeals Money-Laundering Fine"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"alignright is-resized\"><img decoding=\"async\" src=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/12\/casino-cosmopol.jpg\" alt=\"\" class=\"wp-image-4040\" width=\"300\"\/><\/figure><\/div>\n\n\n\n<p>Sweden&#8217;s government fined one of its own casino properties for violating anti-money-laundering laws. <strong>Casino Cosmopol<\/strong>, the branch of the state-owned <a href=\"https:\/\/www.top10casinowebsites.net\/news\/svenska-spel-signs-live-casino-deal-for-swedish-gambling-market\/\">Svenska Spel<\/a> that governs casino operations in the country was fined by Sweden&#8217;s Lotteriinspektionen regulatory body last month.<\/p>\n\n\n\n<p> <strong>The fine amounts to SEK 8 million which is around $881,000<\/strong>. However, Casino Cosmopol is not taking things lying down and has decided to appeal.<\/p>\n\n\n\n<p>The reason behind the fine was that the regulatory body felt that Casino Cosmopol has failed when it comes to fighting money laundering and terrorist financing. According to <a href=\"https:\/\/www.lotteriinspektionen.se\">Lotteriinspektionen<\/a>, the deficiencies when it comes to combating money laundering were many and there was a strong possibility that money laundering did take place due to this.<\/p>\n\n\n\n<p>Casino Cosmopol currently has four gaming venues in Sweden. This includes locations in <strong>Gothenburg, Stockholm, Sundsvall, and Malm\u00f6<\/strong>. The main problem that the Lotteriinspektionen has is that many of Cosmopol&#8217;s procedures were vulnerable to threats such as money laundering. Added to this was the fact that the casino was failing in keeping accurate documentation and also failed in rejecting transactions of suspect gamblers.<br><\/p>\n\n\n\n<p>An example of a process that did not meet anti-money-laundering standards was that of video surveillance. All footage was deleted after seven days, which made it difficult to keep track of specific gamblers. There was also lack in monitoring slot machines for suspicious activity.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Casino Cosmopol Fights\u00a0Back<\/strong><\/h2>\n\n\n\n<p>The casino has decided to fight back against these accusations. The main thrust behind their appeal is that it was unfair for the Lotteriinspektionen to place a set fine on them when the regulatory body had not set any clear guidance or rules for the casino operator to follow.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>In the absence of clear regulations and guidance from the Lotteriinspektionen, it can not be considered correct to decide on a penalty fee. We have appealed the Lotteriinspektionen&#8217;s decision mainly because we consider that in this situation it is not proportional to issue a penalty. Sanctions shall only be used when other methods such as imposing new licence conditions upon us are sufficient.<\/p><cite> <br>Per Jaldung, president of Casino Cosmopol  <\/cite><\/blockquote>\n\n\n\n<p> Representatives from <a href=\"https:\/\/www.casinocosmopol.se\">Cosmopol<\/a> say that a week after the initial decision against the company was made, they had submitted a plan of action to deal with many of the regulatory body&#8217;s complaints regarding their policies. They also note that the regulatory body has been monitoring their operations since 2005 and knew their process and procedures. The casino\u2019s contention is that Lotteriinspektionen should have brought up these <em>\u2018process flaw<\/em>s\u2019 a lot earlier if they felt there were so many loopholes in the process. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sweden&#8217;s government fined one of its own casino properties for violating anti-money-laundering laws. Casino Cosmopol, the branch of the state-owned Svenska Spel that governs casino operations in the country was fined by Sweden&#8217;s Lotteriinspektionen regulatory body last month. The fine amounts to SEK 8 million which is around $881,000. However, Casino Cosmopol is not taking [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4037","post","type-post","status-publish","format-standard","hentry","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Casino Cosmopol Appeals Money-Laundering Fine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Casino Cosmopol Appeals Money-Laundering Fine\" \/>\n<meta property=\"og:description\" content=\"Sweden&#8217;s government fined one of its own casino properties for violating anti-money-laundering laws. Casino Cosmopol, the branch of the state-owned Svenska Spel that governs casino operations in the country was fined by Sweden&#8217;s Lotteriinspektionen regulatory body last month. The fine amounts to SEK 8 million which is around $881,000. However, Casino Cosmopol is not taking [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/\" \/>\n<meta property=\"og:site_name\" content=\"Top 10 Casino Websites\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/Top10casinowebsiteslist\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-20T16:40:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-12-20T16:41:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/12\/casino-cosmopol.jpg\" \/>\n<meta name=\"author\" content=\"Paul Butcher\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Butcher\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/\",\"name\":\"Casino Cosmopol Appeals Money-Laundering Fine\",\"isPartOf\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/12\/casino-cosmopol.jpg\",\"datePublished\":\"2018-12-20T16:40:49+00:00\",\"dateModified\":\"2018-12-20T16:41:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/49e3378d32707593af9469c03ba550ec\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/#primaryimage\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/12\/casino-cosmopol.jpg\",\"contentUrl\":\"https:\/\/www.top10casinowebsites.net\/news\/wp-content\/uploads\/2018\/12\/casino-cosmopol.jpg\",\"width\":380,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.top10casinowebsites.net\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Casino Cosmopol Appeals Money-Laundering Fine\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#website\",\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/\",\"name\":\"Top 10 Casino Websites\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.top10casinowebsites.net\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/49e3378d32707593af9469c03ba550ec\",\"name\":\"Paul Butcher\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.top10casinowebsites.net\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a3b188648ed337ddc5cd462111b81de1aaf08db583da4e37318ba7e968adb4d5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a3b188648ed337ddc5cd462111b81de1aaf08db583da4e37318ba7e968adb4d5?s=96&d=mm&r=g\",\"caption\":\"Paul Butcher\"},\"description\":\"Hi, I am the Chief Editor of top10casinowebsites.net, this site is dedicated to all thing casino. I have been working around the casino industry for the last 12 years, with different brands. The main purpose of this site is to keep you informed with the latest news and offers around\",\"sameAs\":[\"https:\/\/www.facebook.com\/Top10casinowebsiteslist\"],\"url\":\"https:\/\/www.top10casinowebsites.net\/news\/author\/paul\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Casino Cosmopol Appeals Money-Laundering Fine","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.top10casinowebsites.net\/news\/casino-cosmopol-appeals-money-laundering-fine\/","og_locale":"en_US","og_type":"article","og_title":"Casino Cosmopol Appeals Money-Laundering Fine","og_description":"Sweden&#8217;s government fined one of its own casino properties for violating anti-money-laundering laws. 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