888 Denmark Warned By Danish Regulator Of AML Concerns

Spillemyndigheden, the Danish Gambling authority, has submitted an application to 888 Denmark Limited to change its operator procedures to comply with the Danish Anti-Money Laundering Act.

The regulator found in his investigation that the operator did not adhere to the guidelines set out in section 25(1) and section 26(1) of the rule.

The section notes that in order to determine whether there is any evidence or fair reason to suspect that these are or have been connected to money laundering, the regulator must investigate unusually large payment patterns and activities that do not have a clearly economic or demonstrable legal purpose.

The Danish Gaming Authority ruled in its ruling that 888 Denmark should “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”.

The ruling continued: “In the specific case, an individual deposited more than DKK 1 million into his gaming account within three months. During that period, 888 Denmark Limited performed various background checks on the player, mainly through open sources on the internet.

“After the player had deposited more than DKK 600,000 into his gaming account within a few days, 888 Denmark Limited also asked the player to submit documentation for his income or assets.

“The player declined to provide any income or asset documentation, and despite this, 888 Denmark Limited allowed the player to continue playing for almost one month before his gaming account was closed. 888 Denmark Limited did not find any reason to report to the State Prosecutor for Serious Economic and International Crime in this regard.”

The regulator emphasised that the operator “should have prevented the player from gambling earlier than was the case” and that the matter should have been identified to the Serious Economic and International Crime Prosecutor of the State.

The regulator continued: “Based on this, the Danish Gambling Authority have ordered 888 Denmark Limited to amend its procedures in order to prevent the possibility of money laundering at an earlier stage and to report to the State Prosecutor for Serious Economic and International Crime in similar cases.”