Denmark

The Danish Gambling Authority has annulled one of the orders issued to Tipwin earlier this year related to a perceived breach of an obligation to train staff under section 8(6) of the Anti-Money Laundering Act.  

This comes after the group was reported to police by the regulatory in June for “breaching the rules on risk assessment, policies, business procedures, and supervision” of sections of the AML policy.

It is noted that the move was made after “careful consideration,” however, a second injunction concerning risk assessment procedures, which were found to be insufficient, remains in place. 

“The Danish Gambling Authority has reassessed the extent of the obligation to train staff in section 8(6) and as a consequence of this, one of the orders has been annulled,” the DGA noted in a regulatory update. 

“The Danish Gambling Authority has assessed that the supervision of the obligation to train staff who are subject to an outsourcing agreement presumably should have been made under section 24(2) of the Anti-Money Laundering Act.”

However, with no fresh injunction issued, the annulment means that the firm is no longer required to comply with the order given.

The Authority confirmed that the “additional part of the decision” taken in June still applies, with the DGA’s guide on preventive measures against money laundering of criminal proceeds and financing of terrorism to also be adjusted in accordance with the new interpretation. 

This update comes as the regulator also provides an update on the performance of the country’s gambling ecosystem through August, which witnessed a 11.51 per cent year-on-year increase to DKK 552m (£66.13m) from DKK 495m (£59.19m).

This, said the DGA, is mainly due to the enforced lockdowns that affected certain gambling sectors during the same period one year earlier.

Online casino took the lion’s share courtesy of 5.6 per cent uptick to DKK 233m (20201: DKK221m), with the nation’s betting division up over half (50.1 per cent) to DKK 192m (2021: DKK 128m).

However, declines were felt across gaming machines, which boast locations in arcades and restaurants, and land-based casinos, with drops of 12.6 per cent and 9.9 per cent to DKK 98m (2021: 113m) and DKK 29m (2021: DKK 33m) recorded, respectively.