Norsk Tipping fined 1M over money laundering compliance failures

"Norway's state gambling operator has been ordered to pay a NOK 1 million ($105,000) fine after regulators concluded it fell short of key anti-money laundering obligations. In a decision dated Thursday (February 12), the Norwegian Lottery Authority (Lottstift) said Norsk Tipping violated several provisions of the Money Laundering Act. The findings come after a lengthy supervisory review carried out through 2025, culminating in a formal administrative penalty."

"Regulators determined that the company's systems were not strong enough to uncover and stop potential money laundering or terrorist financing, particularly when it came to identifying customers and tracking their activity over time. The investigation covered a comprehensive sweep of the operator's controls. Inspectors reviewed risk assessments, internal compliance routines, customer due diligence measures, transaction monitoring processes and reports sent to Norway's financial intelligence unit."

"At the center of the ruling were shortcomings in how customers were assessed and monitored. According to the authority, Norsk Tipping failed to carry out proper risk classifications when players first opened accounts, except in cases involving politically exposed persons or individuals from high-risk jurisdictions. The Authority found that Norsk Tipping's practice was not in line with the 'know your customer' principle and that the company was not always able to implement risk-based measures in time to detect and prevent money laundering and terrorist financing."

Norsk Tipping was ordered to pay a NOK 1 million ($105,000) fine after the Norwegian Lottery Authority (Lottstift) found violations of the Money Laundering Act. A supervisory review through 2025 examined risk assessments, internal compliance routines, customer due diligence, transaction monitoring and reports to Norway's financial intelligence unit, including documents submitted between February and August 2025, sample checks and on-site interviews. Regulators found the operator's systems were insufficient to detect and prevent potential money laundering and terrorist financing. The company failed to perform timely risk classifications at account opening except for politically exposed persons or high-risk jurisdictions and relied on customer behavior after accounts were active.

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