Spillemyndigheden, a Danish gambling regulator, has rebuked online gambling operator Casumo after ruling that it violated the country’s money laundering law.
Regulators said that until March 11, this year, Casumo’s risk assessment did not properly include customer type identification and risk assessment.
Spillemyndigheden also said that the risk assessment did not include the individual identification and risk assessment of the products offered, as the scope of Casumo’s games was not displayed separately.
In addition, regulators said Casumo was unable to adequately identify and assess the delivery channel because the mobile app had not been risk-assessed.
As a result, Spillemyndigheden determined that Casumo did not have sufficient risk assessment to prevent operators from being misused for money laundering or terrorist financing.
However, regulators said Casumo subsequently updated its risk assessment and no further action was needed.
“Gambling authorities say that risk assessment rules are absolutely fundamental in money laundering law, and violations of the rules as a clear starting point can lead to injunctions or reprimands,” the regulator said. rice field.
Spillemyndigheden also noted that Casumo no longer offers online gambling in Denmark after the operator abandoned its license in April this year.
