Ninja Casino’s Swedish license yanked due to AML, social failures

Ninja Casino‘s parent company has had its Swedish online gambling licenses revoked after the regulator found the company’s social responsibility and anti-money-laundering (AML) measures to be inadequate.

On Monday, Sweden’s Spelinspektionen regulatory body announced that it had ordered the immediate revocation of the online casino and sports betting licenses of SafeEnt Ltd, a subsidiary of Sweden-based Global Gaming. The regulator took the unprecedented step after discovering “serious deficiencies in the company’s operations, including applicable gaming responsibility and measures against money laundering.”

Spelinspektionen said SafeEnt, whose brands include the popular Ninja Casino, had “violated several of the most central parts of the game law,” including allowing customers to exceed their online deposit limits and failing to intervene when customers demonstrated obvious signs of problem gambling behavior.

In addition, Spelinspektionen said it found “serious and systematic shortcomings” in SafeEnt’s AML and terrorist financing measures. SafeEnt also violated Sweden’s increasingly strict rules regarding bonus offers and to have offered lottery products that weren’t covered under the company’s local licenses.