Compliance Blog

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Denmark

The Danish Gambling Authority, Spillemyndigheden, have ordered 888 Denmark Limited to amend their anti money laundering ( AML ) procedures after receiving a request from a Danish citizen, concerning 888’s requirements in section25(1) and section 26(1) of the Danish Anti-Money Laundering Act.

In a notification issued on the Spillemyndigheden site, the Danish Gambling Authority state that: 888 Denmark Limited did not sufficiently fulfil their obligations under section 25(1) of the Danish Anti-Money Laundering Act.”

“The section states that the operator must investigate unusually large transaction patterns and activities which do not have a clearly economic or demonstrable legal purpose, in order to establish whether there is any suspicion or reasonable reason to suspect that these are or have been linked to money laundering.”

Furthermore the Danish Gambling Authority are of the view that 888 Denmark Limited did not  fulfill their obligation under section 26(1), to report to the State Prosecutor for Serious Economic and International Crime, by knowledge, suspicion or reasonable reason to suspect that a transaction, funds or activity is or has been associated with money laundering.

This is in relation to a specific individual who over a period of three months deposited DKK 1 million into an 888 account. 888 Denmark Limited did perform a variety of background checks on the customer however, when asked to provide further documentation, the player did not do so. With 888 Denmark Limited allowing the individual to play for a further one month, whilst this documentation was outstanding, before finally closing down the account.

In this particular case the Danish Gambling Authority found that 888 Denmark should have closed down the account of the player sooner and also reported the account to the Danish State Prosecutor for Serious Economic and International Crime.

As a result of the above, Spillemyndigheden have ordered 888 Denmark Limited to amend its procedures concerning their AML policy and to report similar future cases to the State Prosecutor for Serious Econcomic and International Crime.