The Danish Gambling Authority, Spillemyndigheden has issued three orders and one reprimand to 888-owned Mr Green Limited for breaches of the Anti-Money Laundering Act.
According to the regulator’s announcement, the company was found to have breached the act with respect to:
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Danish Gambling Authority Warns 888-Owned Mr Green Over AML Breaches
Danish Gambling Authority Warns 888-Owned Mr Green Over AML Breaches
- failing to ensure that controls are carried out
- rules on notification to the Money Laundering Secretariat
All three orders and the reprimand were issued on April 10th 2024.
Danish Gambling Authority Warns 888-Owned Mr Green Over AML Breaches Danish Gambling Authority Warns 888-Owned Mr Green Over AML BreachesA reprimand was also issued based on the company’s failure to notify the Money Laundering Secretariat when two transactions were suspected of money laundering or terrorist financing.
Mr Green must submit a revised business plan and risk assessment procedure by June 10th, 2024. The company must also submit documentation by October 10th 2024 to prove that the new controls have been used correctly.
No financial penalty has been issued in connection with the orders or reprimand.
Based in London, Natasha is a former sports journalist with experience working for some of the biggest athletes & brands in the world of sports and iGaming.