Connect with us
MARE BALTICUM Gaming & TECH Summit 2024

Compliance Updates

Two reprimands for Danske Licens Spil A/S for breach of the Anti-Money Laundering Act

Published

on

two-reprimands-for-danske-licens-spil-a/s-for-breach-of-the-anti-money-laundering-act
Reading Time: 2 minutes

 

On June 13th, 2023, the Danish Gambling Authority has reprimanded Danske Licens Spil A/S for lack of compliance with the requirement for enhanced customer due diligences measures of section 17(1) of the Anti-Money Laundering Act.

The reprimand is given because Danske Licens Spil A/S did not perform enhanced customer due diligence measures concerning a specific player at an earlier stage in the customer relationship, as it should have been assessed that the player constituted an increased risk of money laundering based on the transaction volume and the number of reports to the Financial Intelligence Unit. Thereby, Danske Licens Spil A/S has not complied with the requirement for performing enhanced customer due diligence measures. At a later stage in the customer relationship, Danske Licens Spil A/S performed enhanced customer due diligence measures and subsequently ended the customer relationship.

Moreover, the Danish Gambling Authority has reprimanded Danske Licens Spil A/S for breaching the rules on reporting of section 26(1) of the Anti-Money Laundering Act.

Advertisement
Stake.com

The reprimand is given in the same customer relationship because Danske Licens Spil A/S in two instances failed to report to the Financial Intelligence Unit despite not being able to dismiss a suspicion of money laundering after the conclusion of an investigation. Thereby Danske Licens Spil A/S has not complied with the obligations on reporting. Previously, Danske Licens Spil A/S had made several reports concerning the customer. The fact that a gambling operator has made reports to the Financial Intelligence Unit concerning a customer relationship does thereby not exempt the gambling operator from its obligation to report subsequent new suspicious transactions.

No obligation to act

The reprimands cause no obligation to act for Danske Licens Spil A/S, because the breaches no longer exist.

The Danish Gambling Authority notes that the rules on enhanced customer due diligence measures and the obligation to report are fundamental parts of the Anti-Money Laundering Act. As a rule, breaches of the rules lead to an order or a reprimand or in serious or repeated cases, they are reported to the police.

Australia

Australia Enforces Credit Card Ban for Online Gambling

Published

on

australia-enforces-credit-card-ban-for-online-gambling
Reading Time: < 1 minute

 

Australia has enforced an online gambling credit card ban, meaning that players can no longer use them as a payment method.

Responsible Wagering Australia (RWA) and its members have been strong supporters of this measure and have worked with the Commonwealth Government and the financial services industry since 2021 to deliver this credit card ban.

Responsible Wagering Australia CEO Kai Cantwell said that this change was much needed, as Australians should only be gambling with money that they have.

Advertisement
Stake.com

“This is an important measure to protect customers, making it easier for people to stay in control of their own gambling behaviour,” Mr Cantwell said.

“It will complement the existing offering of safer gambling account management tools by RWA members.

“RWA and its members support the extension of this measure to all forms of gambling that have been exempted from the ban such as lotteries and keno.

“If consumer protection measures aren’t consistent across all forms of gambling it will incentivise vulnerable Australians to move to less-regulated types of gambling, where they are more at risk of harm.”

RWA members provide a range of tools to ensure people can gamble safely, many of which have been adopted by the Commonwealth Government as part of the National Consumer Protection Framework (NCPF).

Advertisement
Stake.com

“The NCPF is expected to be evaluated shortly and we look forward to engaging in this process to ensure that consumer protection tools are fit-for-purpose and support a safe and sustainable regulated gambling environment,” Mr Cantwell said.

The post Australia Enforces Credit Card Ban for Online Gambling appeared first on European Gaming Industry News.

Continue Reading

Compliance Updates

Ukraine Regulator KRAIL Blocks 371 Illegal Gambling Sites

Published

on

ukraine-regulator-krail-blocks-371-illegal-gambling-sites
Reading Time: < 1 minute

 

The Ukrainian Commission for the Regulation of Gambling and Lotteries (KRAIL) has announced that it has blocked 371 unlicensed gambling websites. It said joint action with the security service led to the issue of Order No. 451/2256, which instructs service providers to block the domains using Domain Name System (DNS) servers.

KRAIL said that during April and May it issued 1000 orders to limit access to domain names and subdomains.

While KRAIL remains operational, Ukraine’s parliament voted in April to disband the regulator. There had been criticism of the regulator’s collegial structure, which requires at least five of its six members to be present for meetings to be valid. Amid disruption caused by military service following the Russian invasion, this has often led to meetings being cancelled and long delays for licence applications.

Advertisement
Stake.com

There will be a second reading of the bill before it can be signed by President Volodymyr Zelenskyy. The liquidation of KRAIL would put gambling regulation under the digital transformation ministry until a new regulator is established.

The post Ukraine Regulator KRAIL Blocks 371 Illegal Gambling Sites appeared first on European Gaming Industry News.

Continue Reading

ADG

Arizona Department of Gaming to Accept Applications for Event Wagering Licenses

Published

on

arizona-department-of-gaming-to-accept-applications-for-event-wagering-licenses

 

The Arizona Department of Gaming (ADG) is pleased to announce that it will begin accepting applications for event wagering licenses in July. Pursuant to A.R.S. § 5-1304 and A.A.C. R19-4-105 and 106, ADG will accept applications for no less than one event wagering license reserved for Arizona Tribes and no less than one event wagering license reserved for Arizona Sports Franchises, as defined in A.R.S. § 5-1301(7).

Prospective applicants are encouraged to review the provided materials on ADG’s website carefully to understand the application process and requirements.

The application window for event wagering licenses will open on July 8, 2024, and will close on July 19, 2024 at 5 PM. Applicants must submit their completed applications within this timeframe in order to be considered for a license. ADG will thoroughly evaluate all applications received based on the established criteria pursuant to the State’s event wagering rules and statutes.

Interested parties are encouraged to visit ADG’s website for detailed information on eligibility requirements, application procedures, and relevant timelines: LINK

Advertisement
Stake.com
Continue Reading

Trending

Get it on Google Play

Fresh slot games releases by the top brands of the industry. We provide you with the latest news straight from the entertainment industries.

The platform also hosts industry-relevant webinars, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - Recent Slot Releases is part of HIPTHER Agency. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania