Hillside (New Media Malta) plc reprimanded for breaching Anti-Money Laundering Act

The reprimand is given because Hillside has let a young player deposit about DKK 190,000 to his account during a period of just over a year without having sufficient knowledge of whether the player’s funds originated from criminal proceeds. Considering the player’s age and the amount deposited, it should have prompted Hillside to further investigate the origin of the funds, for example, by requesting information about the player’s income. Given that Hillside had not investigated the player, there were no notes on the player either. Thereby, Hillside has not complied with the obligation on customer due diligence measures and the obligations to investigate and register.

Reprimand causes no obligation to act

The Danish Gambling Authority emphasizes that the rules on customer due diligence measures, and the obligations to investigate and register are fundamental parts of the Anti-Money Laundering Act. As a rule, breaches of the rules and obligations lead to an order or a reprimand or in serious or repeated cases, they are reported to the police. 

The reprimand does not subject Hillside to an obligation to act since Hillside has implemented new business procedures for customer due diligence measures and investigation after the event.