The regulating authority reports that Danske Licens Spil, the national lottery operator of the country, failed to implement the necessary enhanced customer checks for a player who had a previous record with the operator and whose exorbitant spending should have urged a rigorous response from the firm.
The regulator, Spillemyndigheden asserted that the level of expenditure of the implicated player necessitated advanced checks – referred to as enhanced checks in regulatory parlance –, however, permission was granted for the player to continue their activity. Adequate checks were eventually performed, but the regulating body stated that this took place “much later.”
The second allegation aimed at the company is related to the violations of the Money Laundering Act – with the spotlight once more on this same customer. The regulating authority alleges that Danske Licens Spil did not report to Denmark’s Anti-Money Laundering Secretariat on two distinct occasions of suspected money laundering.
No Regulatory Action Imposed on Danske Licens Spil
Historically, Denmark has rarely pursued locally licensed operators, courtesy of its sturdy regulatory structure that is typically adhered to strictly. However, this recent incident serves to underline the regulator’s competence in consistently monitoring all market operations and preventing laxity from setting in overtime.
Despite the aforementioned, Danske Licens Spil will not be subjected to any regulatory punishments as the flaws noted by the regulator have since been rectified in a prompt and efficient manner. Nonetheless, the regulator has flagged this incident as a warning to all licensed operators to abide by the regulatory rules consistently.
In the meantime, Spillemyndigheden remains proactive in augmenting its knowledge of regulated gambling, having recently become a member of the United Lotteries for Integrity in Sports.
