The Danish Gambling Authority has reprimanded SkillOnNet for issues related to anti-money laundering practices and internal control/documentation.
The Danish Gambling Authority issued the initial corrective order to SkillOnNet concerning its inadequate anti-money laundering risk assessment, which the regulator deemed insufficient under section 7(1) of the Anti-Money Laundering Act due to a lack of separate assessments for individual products and payment solutions.
Additional orders pertain to SkillOnNet’s written procedures and failure to document the implementation of internal controls.
SkillOnNet has a two-month deadline to address the orders by submitting revised risk assessments and business procedures for internal controls. Within six months, the company must provide documentation confirming the implementation of internal controls.
The Danish Gambling Authority has also issued two reprimands to SkillOnNet, which do not require immediate action. These involve deficiencies in the business procedure for politically exposed persons and shortcomings in the whistleblower scheme regarding anonymity requirements.
Follow our Telegram channel
