Spillemyndigheden Warns Reel Denmark Limited

This story was published more than 1 year ago.

Danish gaming regulator Spillemyndigheden as formally issued a warning to Reel Denmark Limited over violations that are related to Denmark's anti-money laundering regulations.

The regulator found that Reel allowed a player to deposit DKK2.4 million over two years without knowing where the funds originated from. After that time, an investigation was carried out and found that the player could not afford to be depositing that money on their existing salary.

Spillemyndigheden did not issue a fine because the operator has worked to introduce new measures to verify the sourcing of funds.

Commenting on the matter a Spillemyndigheden spokesman wrote: "It is the Gambling Authority's assessment that Reel has violated the rules on customer due diligence procedures by not obtaining information on the player previously.

"It is also the Gambling Authority's assessment, that Reel should have investigated the player's circumstances further, as the income and employment conditions were not sufficient to dispel a suspicion of money laundering - therefore, Reel has violated the rules of duty of investigation."

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.