Norsk Tipping is facing its sixth fine of the year from the Norwegian Lottery Authority (Lotteritsilsynet), this time over anti-money laundering system errors.
Norsk Tipping has systems in place to detect money laundering but the Norwegian gambling regulator found five system errors during a recent inspection, although no sign of money laundering was detected.
“Norsk Tipping has not had good enough systems to ensure compliance with certain provisions in the Money Laundering Act,” said Lotteritsilsynet. “They have not known enough about who the customers are and where the funds they play with came from. They need to know this in order to detect money laundering.
“Some of the deviations concern matters from the past, and Norsk Tipping has corrected several of the deviations. Nevertheless, we are making a reaction because this should have been in place earlier, and because it partly affects today’s compliance with the regulations.”
Norsk Tipping is facing a fine of up to NOK1 million for the failings and has until 15 January to comment on the notice, before the regulator makes its final decision.
“We see positively that Norsk Tipping shows a willingness to address this, but the requirements came in 2018 and we expected them to have it in place,” said Tatyana Søreide Klepaker, lawyer at the Norwegian Lottery Authority.
Lotteritsilsynet has already imposed five fines totalling more than NOK100 million on Norsk Tipping in the past year.