Spillemyndigheden Warns Spillehallen Over AML Failings

Danish regulator Spillemyndigheden has issued a warning to betting operator Spillehallen for discrepancies it found related to the company's anti-money laundering policies.

Spillehallen's risk assessment for operations until December 10th, 2023 were found have inadequate policies for fighting money laundering and terrorism financing. The regulator particularly found that identification of threat factors was lacking. This put the company in violation of the country's Anti-Money Laundering Act and necessitated the warning.

In a statement, Spillemyndigheden said: "The purpose of the risk assessment is to give the gambling operator with a useful tool that provides an overview and understanding of where and to what extent the gambling operator is exposed to being misused for money laundering or financing of terrorism, and what measures are necessary to limit the risks."

No comment from Spillehallen was available at press time.