Spillemyndigheden issues warnings to Danske Licens Spil
The Danish regulator issued two warnings to the operator for two AML failures. The first one included failing to conduct enhanced due diligence on a customer that posed a higher AML risk due to their unusually high transaction volumes. The Spillemyndigheden stated Danske Licens Spil conducted the review later on, which resulted in the ban of the aforementioned player’s account.
Danske Licens Spil’s second AML breach involved the same user, with the operator this time failing to report them to the country’s financial regulator despite having a suspicion of money laundering taking place after conducting an investigation. The gambling regulator stated that previously, the operator has reported that user to the financial intel unit, however, that does not mean they no longer need to report them again in the future.
Lastly, Spillemyndigheden mentioned that the warnings will have no fines or any other obligations attached, as Danske Licens Spil’s shortcomings are no longer present.
A couple of days ago, the Danish regulator published its latest monthly report, detailing the performance of the local gambling industry in the months of March and April. Check out Spillemyndigheden’s report here.