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.