Published
OnlineCasinoLegal & RegulatoryIndustry

Mr Green warned over AML breach by Danish authorities

The Danish Gambling Authority has warned Mr Green for breaching two regulations of its Anti-Money Laundering Act. 

moneylaundering

The warning stems from insufficient checks carried out by the online casino operator, with a young player allowed to deposit DKK 325,000 ($45,000) into an account without Mr Green “having sufficient knowledge about whether or not the player’s funds originated from criminal proceeds.”  

Therefore, the Authority argues that Mr Green failed in its obligations over Know Your Customer (KYC) checks and investigations. The Authority continued to argue that the KYC is an essential tenet of the Anti-Money Laundering Act, with the operator’s failure to complete the appropriate checks deemed “incorrect.” 

In this specific situation, Mr Green argued that it had, via internet searches, learned of the player’s profession and their approximate income. In the company’s opinion, the player was able to finance their gambling within this income level, despite having deposited more than their disposable income. For this reason, Mr Green chose not to continue its investigations. 

The regulator, known locally as Spillemyndigheden, found that Mr Green’s assessments were inaccurate regarding the player’s profession and income levels, meaning the operator had insufficient knowledge of the young bettor.  

The authority upholds that Mr Green should have further investigated the player’s assets and income, as initial checks were not deemed appropriate to rule out a suspicion of money laundering. 

Other than a warning, no further action was taken by the Authority, with Mr Green subsequently introducing new procedures for KYC measures and the obligation to investigate. 

In August 2021, Mr Green also found itself in trouble with the regulators, and was handed a $3.6m fine by the Swedish Gambling Authority for failing to adhere to customer wellbeing principles.

It was adjudged to have fallen foul of duty of care and anti-money laundering regulations.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium Connections
Consultancy
Executive Profiles
Chicken Ranch Casino
The Responsible Gambling Affiliate Association (RGAA)
Catena Media
Gambling Commission
Follow Us
The most prestigious Awards in the industry are heading to the Philippines! The Global Gaming Awards Asia-Pacific will recognise and reward (as the name suggests) the strongest performers from the Asia-Pacific gaming industry across the previous 12 months.
This year's winners will be announced at a luncheon ceremony on Day 2 of SiGMA Asia, 4th June, in Manila.
The eleventh annual Global Gaming Awards Americas will recognize and reward the gaming industry's strongest performers across the previous 12 months. These are the most prestigious and trusted Awards in the industry and have gained respect amongst industry heavyweights, due to the strict rules and procedures put in place.

Facing Facts: Operator Q3s from across the globe

Gambling Insider compares Q3 2023 results from major gamblin...

Taking Stock: Operators and suppliers across the world

Sticking with our theme of gambling across the globe, Gambli...

CEO Special: Jade Entertainment and Gaming CEO Joe Pisano - down to earth

Jade Entertainment and Gaming CEO Joe Pisano speaks to Gambl...

CEO Special: Betfred CEO Joanne Whittaker - saying it as it is

Betfred CEO Joanne Whittaker joins Gambling Insider Editor T...