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Danish Gaming Regulator Issues Anti-Money Laundering Charges Against Danske Licens Spil

Denmark's gaming authority, Spillemyndigheden, has taken regulatory action against Danske Licens Spil A/S, a prominent operator in the Danish gambling market. The charges were issued after an investigation revealed that the operator had failed to provide sufficient anti-money laundering (AML) checks on a player, violating the country's stringent AML regulations.

The first charge pertains to the operator's failure to conduct enhanced customer checks during a specific player's history with Danske Licens Spil.
Despite indications that the player's activities, including the volume of transactions and the number of notifications sent to the Money Laundering Secretariat, warranted enhanced scrutiny, the operator should have performed the necessary checks. This contravenes section 17, subsection 1 of Denmark's Money Laundering Act, which requires operators to implement robust AML measures.

Even though Danske Licens Spil eventually ended its association with the customer due to a delay in carrying out enhanced checks, it still goes against AML regulations.

Another charge against the operator is their failure to report two cases of suspected money laundering to Denmark's Anti-Money Laundering Secretariat. According to section 26, subsection 1 of the Money Laundering Act, operators must promptly notify the Secretariat of any AML suspicions. Danske Licens Spil's failure to fulfil this obligation resulted in the second charge.

Despite the charges, Spillemyndigheden has not imposed any immediate penalties on Danske Licens Spil. The regulatory body stated that the violations are no longer ongoing, suggesting that the operator has taken corrective measures to address the issues identified during the investigation.

These charges highlight the importance of rigorous AML compliance within the Danish gambling industry. Regulatory authorities in Denmark are committed to ensuring a secure and transparent gambling environment, and operators must uphold the highest standards of AML practices to combat financial crimes effectively.

Danske Licens Spil must rebuild trust by demonstrating its commitment to strict AML procedures. The operator's reaction to these accusations will be closely watched, as it will influence its reputation and position in the Danish gambling industry.