The UK Gambling Commission has strengthened its relationship with the Spelinspektionen after the two agreed to sign a memorandum of understanding.
The partnership, which initially came into effect on 11 November 2019, will see the duo collaborate in sharing best practice on areas such as regulatory policies and procedures.
Director General of Spelinspektonen, Camilla Rosenberg said: “This is an important agreement for us. We have common interest in many areas. By opening the communication channels between the authorities we become stronger in our supervisory activities.
“This is the beginning of a broad and long-term cooperation. Earlier this year we have entered a MoU with Malta Gaming Authority and Gibraltar Gambling Division.”
UK Gambling Commission chief executive Neil McArthur explained: “We have excellent relations with other gambling regulators from across the world and our new link up with the Swedish Gambling Authority will give more opportunities to share good practice on a whole host of regulatory issues, cooperate closely and take shared action where appropriate.”
As part of the enhanced partnership, the UKGC and Spelinspektionen will work alongside one another to promote a common understanding of legitimate interests, engaging on matters of mutual policy and operational interest, as well as the provision of operational assistance.
The memorandum of understanding will come under a periodic review from the two regulators, and will evaluate the effectiveness of the arrangement and put forward any suggested amendments.
Both Spelinspektionen and the UKGC will work together to monitor general policy and supervisory issues, matters relevant to remote gambling operators, as well as measures related to anti-money laundering and counter terrorist financing. Issues relating to betting, gaming and other transactional data will also be included.
Information collected by the two regulators which could have an adverse impact on a remote gambling operator will be shared, while data will also be shared on regulatory enforcements or actions that could also have a material effect on a remote operator.