Danish betting destination Casino Copenhagen was chastised this month by the country's gaming regulator Spillemyndigheden for various anti-money laundering failings.
The casino was found to have violated Section 7, subsection 1 of the Money Laundering Act by having an incomplete assessment of various risks involved within their business. The casino was also found to not have full descriptions of how tasks should be carried out, including looking into patrons who may be politically exposed, and due diligence procedures.
Casino Copenhagen also was found to have a lack of sufficient material on those procedures available to employees, and didn't educate them on procedures. Finally, the casino was found to have no whistleblower policy, which could have potentially made it difficult for employees to speak out about concerns.
The regulator has mandated that Casino Copenhagen update policies and come into line with the Money Laundering Act. No fines or punitive measures were taken by the regulator, although future lapses could result in fines, or even police action.
Instead, Spillemyndigheden issued a statement that read in part: "The Gambling Authority notes that the rules on risk assessment, business procedures, policies, teaching materials and whistleblower scheme are very basic in the Money Laundering Act, and violation of the rules leads as the clear starting point to injunction or reprimand or, in serious or repeated cases, to police reporting."