Danish gambling regulator issues series of warnings to Unibet over AML breaches
Spillemyndigheden has again warned Unibet over a series of breaches of Denmark’s Money Laundering Act.
Denmark.- The gambling regulator Spillemyndigheden has issued another raft of warnings against Kindred’s Unibet for breaching Denmark’s anti-money laundering regulations.
The latest warnings come after the regulator last warned Unibet over AML breaches in December.
It identified a series of breaches of the Money Laundering Act, finding that Unibet had not risk-assessed customer types and game types adequately, exposing the brand to potential money laundering.
Spillemyndigheden said it had discovered that until January 25, Unibet did not possess adequate written business procedures for monitoring existing customer relationships. It also found it had insufficient business procedures in place for receiving and evaluating documentation.
Spillemyndigheden also found that until April 22 2021 Unibet’s practices for dealing with politically exposed individuals and close business partners were deficient. Meanwhile, a random inspection of 20 major customers identified five failures to carry out sufficient customer due diligence.
In three of those cases, Unibet failed to investigate suspicious transactions and in one case it failed to notify the Money Laundering Secretariat that there was reasonable cause to suspect money laundering.
It also warned the operator for a case in which a young player was able to deposit more than DKK1.0m (€134,418) over one year using six different deposit cards, one of which did not belong to the player. The regulator found Unibet did not have ‘sufficient knowledge of whether the player’s funds originated from criminal activities”.
Spillemyndigheden has given Unibet two months to change its risk assessment procedures to include all of the concerns. Unibet said it had already corrected its AML procedures.
Earlier this month, Spillemyndigheden warned Reel Denmark Limited for violating anti–money laundering rules. Meanwhile, Norway has warned Kindred’s Trannel International to cease unlicensed activity in the country.
