Danske Spil reprimanded over AML shortcomings
Danish firm failed to engage with customer at early stage of relationship, but DGA takes no further action
Danske Spil has been reprimanded by the Danish Gambling Authority (DGA) over anti-money laundering (AML) breaches.
The regulator clamped down on Danske Spil after it established the firm had failed to perform due diligence checks against customers at early stages in the relationships.
The DGA said that the check should have been undertaken at an earlier stage, which would have established that the player concerned constituted an increased risk of money laundering.
Danske Spil subsequently engaged with enhanced due diligence checks on the customer and ended the relationship.
However, the DGA noted that Danske Spil failed to report to the Financial Intelligence Unit in two instances, despite not being able to dismiss its suspicions of money laundering.
Danske Spil had previously made reports to the Financial Intelligence Unit but failed to maintain dialogue with the body.
Despite the breaches, the DGA took no further action against Danske Spil because the operator was no longer in breach of AML regulation.
The DGA said: “The Danish Gambling Authority notes that the rules on enhanced customer due diligence measures and the obligation to report are fundamental parts of the Anti-Money Laundering Act.
“As a rule, breaches of the rules lead to an order or a reprimand or in serious or repeated cases, they are reported to the police.”