DGA rebukes Casino Copenhagen over breaches of AML Act

Casino Copenhagen has received a spate of reprimands from the Danish Gambling Authority (DGA) in relation to multiple breaches of Denmark’s Anti-Money Laundering (AML) Act

Casino Kobenhavn has received a spate of reprimands from the Danish Gambling Authority (DGA) inward telling to multiple breaches of Denmark’s Anti-Money Laundering (AML) Act.

In total, the prop has been issued quintet break up reprimands regarding a chain of failings, from an uncompleted risk assessment to inadequate training material.

The DGA gave from each one reprimand a corresponding letter, starting with A, which interested the casino’s unsuccessful person to complete a risk of infection assessment.

According to the Danish regulator, Casino Copenhagen did non “sufficiently describe” the factors associated with its customers, products and transactions.

Moreover, the holding had not described the inherent and residual risk, or mitigating measures, for the areas that were dealt with in the lay on the line assessment.

Reprimand group B interested the casino’s written business concern procedures, which were at one time again deemed insufficient, lacking a “general verbal description of the public presentation of the tasks.”

These were also considered incomplete inwards telling to politically open persons, client due diligence measures and the obligations to investigate and report.

Reprimands C and D were given, respectively, for Casino Copenhagen’s manifest deficiency of business concern policies and unsatisfactory training material, which the DGA said was of a “general character” and so non sufficient to instil “adequate knowledge of money laundering.”

Finally, censure E interested the property’s whistleblower scheme, which did non supply enough anonymity. However, only if one monastic order was given.

The DGA has instructed Casino Copenhagen to amend its put on the line assessment, which it said was “still insufficient” inwards consider to confirming the payout of winnings.

And as a warning against time to come violations, it added: “Breaches of the rules and obligations head to an parliamentary law or a reprimand, or inwards serious or repeated cases, they are reported to the police.”