Kindred receives warning and sanction fee from the Swedish Gambling Authority
Kindred Group has received a warning and a sanction fee of SEK 10.9 million from the Swedish Gambling Authority for shortcomings in its work against money laundering and financing of terrorism.Kindred Group plc’s (Kindred) wholly owned subsidiary, Spooniker Ltd (Spooniker), has today received a warning and a sanction fee of SEK 10.9 million by the Swedish Gambling Authority (SGA). According to the SGA, 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.