DenmarkSpillemyndigheden, the Danish Gambling Authority, announced that the Ministry of Justice released a new national strategy to prevent and combat money laundering and terrorist financing.
On June 21, 2022, the Danish Gambling Authority reported Tipwin Limited for breaches of anti-money laundering provisions regarding its obligation to carry out risk assessments, policies, business procedures, supervision, and staff training related to its sale of gambling products.
Lacking Disciplinary Power, Danish Regulator Targets Bank Through Other Means
Some problems can only be solved by the police. Just ask Denmark’s Financial Supervisory Authority, which recommended a criminal investigation Monday into Jyske Bank, the country’s third-largest lender, after discovering “significant” gaps in the company’s defenses against financial crime.
U.S. investigators seize stolen bitcoins, “Hushpuppi” sentenced, and more, in the midweek roundup.
Spillemyndigheden, the Danish Gambling Authority, reprimanded the Swieqi, Malta-based entity for breaching the Anti-Money Laundering Act with respect to the rules on identification and risk assessment.
Spillemyndigheden, the Danish Gambling Authority, reprimanded the Copenhagen, Denmark-based entity and ordered it to update its risk assessment processes under the Anti-Money Laundering Act.
| Technical | Effectiveness |
|---|---|
| Compliant : 6 | High : 0 |
| Largely Compliant : 32 | Substantial : 3 |
| Partially Compliant : 2 | Moderate : 6 |
| Non-Compliant : 0 | Low : 2 |
Denmark's technical compliance was re-rated in a Feb. 16, 2021 follow-up report.
| Rank : 8/110 |
| Score : 3.46/10 |
| Rank : 1/179 |
| Score : 88/100 |
| Rank : 97/133 |
| Score : 45/100 |