After the two agreed to sign a memorandum of understanding, the UK Gambling Commission strengthened its partnership with the Spelinspektionen.
The partnership, which first came into effect on November 11, 2019, will see the duo working together to share best practises in 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.”
The UKGC and Spelinspektionen will work alongside each other as part of the enhanced partnership to promote a common understanding of legitimate interests, engaging in matters of mutual policy and operational interest, as well as providing operational assistance.
The Memorandum of Understanding will be regularly updated by the two regulators, reviewing the efficacy of the agreement and making any suggested changes.
Both Spelinspektionen and UKGC will work together to monitor general policy and oversight issues, issues relevant to remote gambling operators, as well as anti-moneylaundering and anti-terrorist financing measures. It will also include issues related to betting, gaming and other transactional information.
Information collected by the two regulators will be shared that could adversely affect a remote gambling operator, while data will also be shared on regulatory enforcements or actions that could also have a material effect on a remote operator.