Posts Tagged :

Money Laundering Act

Casino Copenhagen Reprimanded for AML Failings

 The HALLO ECHO
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  Danish gambling regulator Spillemyndigheden has issued a series of reprimands against Casino Copenhagen in the country’s capital. It found the casino had committed several breaches of the Danish Money Laundering Act by failing to compile risk assessments, among other issues. The first rebuke concerns risk assessments, which are a requirement under section 7, subsection…

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Swedish Court Rejects Mr Green Appeal Over €3.1M Fine

 The HALLO ECHO
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  The Administrative Court in Linköping has rejected Mr Green’s appeal against a sanction for breaches of the Money Laundering Act and Gambling Act. The gambling regulator Spelinspektionen had issued Mr Green with two warnings and fines totalling SEK31.5m (€3.1m) in August due to breaches of know-your-customer (KYC), anti-money laundering (AML) and responsible gambling rules.…

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Spillemyndigheden Reprimands Reel for AML Breach

 The HALLO ECHO
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  Denmark’s gaming regulator Spillemyndigheden has reprimanded operator Reel Denmark Limited over violations of the country’s money laundering legislation. Reel were found to be in breach of the Money Laundering Act after allowing a player to deposit DKK2.4m (€320,000) into their account between 2019 and 2020, without having sufficient knowledge regarding the source of the…

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Swedish Gaming Inspectorate Imposes SEK31.5M Fine on Mr Green Ltd

 The HALLO ECHO
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  Online gambling operator Mr Green Ltd has received warnings and penalty in Sweden for failing to take sufficient anti-money laundering and problem gambling precautions. The company has been fined SEK31.5m by the Swedish Gaming Inspectorate (SGI). “The shortcomings are considered serious and therefore the two warnings are combined with penalty fees,” SGI said in…

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