Anti-money laundering

Prevention of money laundering and financing of terrorism receives great attention in Denmark. Gambling operators play an important role in combatting criminals' attempts to misuse gambling operators' business for money laundering and financing of terrorism.

The Danish Gambling Authority manage the supervision of money laundering in the gambling field. The Danish Gambling Authority inspects that gambling operators with a licence to offer gambling services in Denmark comply with the Anti-Money Laundering Act. Gambling operators established in Denmark who offer gambling services in other countries are also subject to the Danish Gambling Authority's anti-money laundering inspection.

The Danish Gambling Authority primarily inspects licence holders of the following categories:

Online betting
Land-based betting
Online casino
Land-based casino

The purpose of the inspection us to ensure that gambling operators comply with the legislation. In connection with the Danish Gambling Auhtority's inspection, the Danish Gambling Authority selects specific licence holders for inspection. In case that the gambling operator does not comply with the AML Act, the Danish Gambling Authority can respond with an order or a reprimand. The Danish Gambling Authority can also report a gambling operator to the police if it is assessed that a gambling operator intentionally or grossly negligently has breached the AML Act.

The Anti-Money Laundering Act applies to all types of gambling products, but the Minister for Taxation can exempt particular gambling products from the legislative requirements partly or entirely if the gambling product is assessed to constitute a limited risk of being exploited. Please note that the gambling products that are partially exempted from the law are still covered by the duty to notify the Danish FIU. The Danish Gambling Authority is also responsible for inspecting operators of partially exempted games.

The Danish Gambling Authority's obligation to conduct anti money laundering supervision covers certain games in Greenland, but not in the Faroe Islands.

The Danish Gambling Authority participates in various cooperation fora in Denmark attended by the Danish Financial Supervisory Authority, the Danish Business Authority, the Danish Bar and Law Society, the the National Unit for Special Crime (NSK) and the Danish Security and Intelligence Service, among others. Together, the joint effort to combat money laundering and financing of terrorism is coordinated.