Kindred’s Unibet Reprimanded by Danish Regulator for AML Neglect

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The Danish Gambling Authority (DGA) has lately reprimanded Unibet, aspect of the Kindred Group, for violating its guidelines on business enterprise strategies, know your buyer (KYC) measures and politically uncovered people etcetera. The gaming operator also unsuccessful to adhere to principles on obligation to investigate and obligation to report.

In a assertion the DGA explained that Unibet did not have “sufficient written organization techniques for ongoing monitoring of present consumer relations.”

Unibet also lacked enough organization processes for gathering and examining documentation in relation to suspected revenue laundering, the DGA additional that. The operator also failed to mitigate existing dangers as a result of sure payment techniques.

The Danish regulator also highlighted Unibet’s inadequate company strategies “for managing politically exposed folks, their family customers and near associates.” It also did not use enough KYC measures for five out of 20 substantial-roller customers that were being inspected during an audit.

In addition, Unibet did not employ the ideal AML steps and allowed a younger player to deposit much more than DKK 1m ($152,708) without the need of examining the source of money.

Unibet has been presented two months to update its threat assessment.

Kindred responded in a statement:

“As earlier communicated, Unibet ‘Denmark’ Confined, which operates Kindred Group’s Danish small business, has been reprimanded by the Danish gambling authority, regarding earlier failing similar to AML.

“Since then, Unibet has, in collaboration with the regulator, up-to-date its AML framework accordingly and will provide the regulator with an updated threat evaluation.

“Kindred Team have the ambition to exhibit the greatest top quality and specifications in the industry and we are delighted to see that the regulator have now acknowledged that the breaches no lengthier exists.

“Kindred has corresponded with the regulator in the subject in an open up, clear and productive fashion all over the method.

“We will continue with the collaboration and do anything needed to further more reinforce our manage processes protecting our ambitions on providing higher shopper safety and AML security.”

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