Tipwin fined for breach of Danish Money Laundering Act

The Danish gambling regulator reported the operator to the police in June 2022.

Denmark.- Tipwin has been fined DKK100,000 (€13,400) for breaches of Denmark’s anti-money laundering legislation. The gambling operator had been reported to police by the Danish gambling regulator, Spillemyndigheden, in June last year.

The operator was found to have violated two subsections of the Danish Money Laundering Act. Spillemyndigheden accused it of having grossly and negligently breached rules on AML risk assessments, policies and internal controls. In September last year, the Malta-based operator was issued with injunctions demanding its compliance with rules.

Iin the past 12 months, Spillemyndigheden has been clamping down on AML breaches amid a new strategy from the Ministry of Justice. It has also taken action against Bet365, Casumo and Casino Copenhagen.

Meanwhile, last week, the regulator Spillemyndigheden, reported that a streamer has been fined DKK 10,000 (€1,340) for advertising unlicensed gambling providers on Twitch. It’s the first time the regulator has taken action against a streamer.

The regulator reported the streamer to the police after its investigation earlier in the year found him to be promoting an unlicensed operator in live steams. The police agreed that the steamer, who has not been named, had breached Danish law.