The trade association for iGaming operators in Sweden, the Branscheforenigen For Onlinespel (BOS), has reportedly written to the nation’s financial authority to ask why local banks have suddenly started withdrawing services for licensed online gaming operators.
According to a Wednesday report from iGamingBusiness.com, the inquiry to the Finansinspektionen comes after a raft of major financial institutions including Nordea, Swedbank, SEB, Danske Bank, Handelsbanken and DNB Nor started refusing to handle any transactions involving iGaming even if the operator is licensed by the country’s Spelinspektionen regulator. The source detailed that these denials, which have been growing in prevalence since the start of the year, are all the more important …