The Danish Gambling Authority, Spillemyndigheden, has ruled that Kindred Group’s subsidiary, Unibet Denmark Limited, violated sections 10, 11, and 25 of the Danish Money Laundering Act. This came after a Unibet customer was able to deposit DKK1.4m into their account without the origin of the funds being confirmed. Unibet had previously stated in March 2015 that the customer should be monitored if they resumed activity. It was not until December 2018 that Unibet requested proof of the funds’ origin, which showed the customer was gambling beyond their means. However, Unibet allowed the customer to continue depositing, resulting in a total of DKK1.8m being deposited until April 2020 when the account was finally closed. Spillemyndigheden has ordered Kindred and Unibet to report the activities of the customer to the Danish Money Laundering Secretariat. Kindred has stated that it will meet the deadline for reporting and has implemented updated policies and procedures to improve its anti-money laundering framework.
Unibet Receives Warning from Danish Regulator for Violating Anti-Money Laundering (AML) Rules
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