Tag: cryptocurrency casino

Kindred Group, an innovative, globally recognized online gambling provider, has officially received a warning and a fine of $998k, which is approximately SEK 10.9 million, for failing to improve its work in the fight against money laundering and terrorist financing, by the Swedish Gambling Authority (SGA).

SGA’s lawsuit:

Today, Kindred’s Swedish-based subsidiary, Spooniker Ltd (Spooniker), was warned and fined $998k (SEK 10.9 million) by the Swedish Gambling Authority (SGA).

The Swedish Gambling Authority (SGA) asserts: “Kindred has failed in its Enhanced due Diligence requirements and have not taken sufficient measures to assess the risk of its services being used for money laundering and terrorist financing.”

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