Unibet Gets Danish Regulatory Warning

This story was published more than 1 year ago.

Online betting operator Unibet has been issued a warning by Denmark's gaming regulator Spillemyndigheden after it was discovered that the company violated Danish anti-money laundering regulations.

The regulator issued an investigation after a Unibet customer was found to have been able to deposit DKK1.4 million without the company verifying the source of the funds. This took place between December 2016 and 2018 with no intervention despite the company noting in 2015 that he would be monitored if he started playing again.

At the end of the period, the Kindred subsidiary eventually did intervene and found the player was deposited more than he could afford with his job. His account was shut down in April 2020 after depositing an extra DKK1.8 million after the discovery.

Spillemyndigheden said that the lapses violated the Danish Money Laundering Act, sections 10, 11, and 25.

In a statement to industry website iGB, Kindred said, "Kindred Group, specifically Unibet 'Denmark' Limited, which operates Kindred's Danish business, has been reprimanded by the Danish Gambling Authority, DGA, regarding a past failing related to AML.

"Over the last year we have updated our policy and procedures to ensure further improvements to our AML framework. We are taking necessary precautions to ensure we remain compliant with AML regulations and maintain our high standards on consumer protection. Kindred will continue to collaborate fully with the DGA."

Source: iGB

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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.