Denmark’s gaming regulator Spillemyndigheden recently rebuked Casino Copenhagen for violating the country’s money laundering laws.
The regulator determined that the casino made an “incomplete” assessment of potential risks, specifically payment methods and customer types. It also cited it for lacking written business procedures, including detailed descriptions of how certain tasks should be done. This was true for politically exposed customers, customer due diligence and duty of investigation.
These procedures are required as part of the country’s Money Laundering Act.
The casino also doesn’t provide enough anti-money laundering information to employees, said the regulator. It also doesn’t have a procedure for anonymous whistleblowing.
Spillemyndigheden said in a statement: “The Gambling Authority notes that the rules on risk assessment, business procedures, policies, teaching materials and whistleblower scheme are very basic in the Money Laundering Act, and violation of the rules leads as the clear starting point to injunction or reprimand or, in serious or repeated cases, to police reporting.”
