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The Danish Gambling Authority (Spillemyndigheden) has issued an updated version of its anti-money laundering (AML) guidance.
This revised guidance targets gambling operators, their employees and other relevant stakeholders – serving as a complement to the Danish Financial Supervisory Authority’s Guidance on Preventive Measures against Money Laundering and Financing of Terrorism.
The updated guidance, developed after consultations with various external stakeholders, incorporates linguistic adjustments and substantive changes, particularly in sections on risk assessment, policies, procedures, controls and customer due diligence procedures.
A version history is included in the updated anti-money laundering guidance, allowing users to familiarise themselves with specific changes.
Additionally, a new guidance document on the Danish Gambling Authority’s AML inspections has been introduced. This document consolidates information previously found in the anti-money laundering guidance, detailing the inspection process, possible reactions and confidentiality aspects.
Spillemyndigheden will continue to update the anti-money laundering guidance in line with changes to the Anti-Money Laundering Act, new national risk assessments and evolving practices.
In related news, Spillemyndigheden also updated its reporting requirements at the end of last month.
The updated requirements are expected to come into force in 2025, though the exact date hasn’t been fully determined as things stand.
Additionally, earlier in the year, the Spillemyndigheden issued SkillOnNet with three orders for AML breaches as well as two additional reprimands for breaches of AML-related rules involving whistleblowing and business procedures.
The breaches were placed against the company after Spillemyndigheden inspected SkillOnNet’s Anti-Money Laundering Act compliance materials.
