888 Issued Warning by Spillemyndigheden

Denmark's gaming regulator Spillemyndigheden has issued a warning against gaming regulator 888 Holdings, after the company failed to meet their duties in fighting money laundering within the country.

The company reportedly breached the Money Laundering Act, Section 25 on two different occasions. The law states that there must be written rules to govern their approach to fighting the laundering of funds as well as the funding of terrorism. The company also failed to notify officials about suspicious transactions that could have been tied to crime.

On one occasion a punter gambled DKK 1 million in three months, and while the casino did provide background checks and asked for the source of funds, they didn't force him to provide information and he was allowed to continue playing.

The official warning is the first step in holding 888 to the laws of the land. If there are other lapses, the operator could face severe fines or a possible loss of the company's gaming license.

Related casinos

usCasinoJurisdictionRatingPlay
888 CasinoGibraltar, Malta, Sweden, U.K.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.

Comments

Post new comment

There are currently no comments on this page. Be the first!

Login using your social network account
Or log in with a Casino Listings account

Login or register to post comments

Registering for an account takes less than a minute and you will be brought right back here to comment afterwards.