Winteq Instructed by Spillemyndigheden to Update AML Policies

14 May 2020

Winteq, one of the most popular Danish operators, is under fire for breaking anti-money laundering (AML) laws. On Tuesday, Denmark’s Spillemyndigheden, the country’s gambling ombudsman, reported a final assessment that concluded that Winteq ApS had failed to update their anti-money laundering and counter-terror financial risk assessments.

The alleged casino license spread over three local domains namely, Spiladansku.dk, Spilleautomated.dk, and Bingo.dk where each offers numerous virtual casino games, bingo, and in-house skill games, such as backgammon.

Even though Spillemyndigheden wasn’t clear enough about what prompted the regulator to conduct a full-blown assessment on Winteq’s operations, it still issued a directive to the operator to correct how they run things on the platform. The Danish gambling watchdog also ordered the operator to produce a risk assessment report after making adjustments to satisfy all Anti-Money Laundering Act requirements under Denmark’s law.

The warning issued on Winteq comes four months after the Spillemyndigheden amended its measures against money laundering of casino revenue and terrorism funding. Given the updated regulations, it appears that Winteq might have missed a thing or two, and that is probably why the operator ended up on the ombudsman’s spotlight.

Europe is one of the largest gambling markets globally, and Spillemyndigheden, like other regulators, has been spending more time scrutinizing the marketing tactics that its licensees are using. On the 1st of April, the Danish regulator issued new directives stating the information that all licensed operators in Denmark are supposed to pass across while marketing their gambling products. The new requirements include mentioning the age limit of the game, citing the ROFUS self-exclusion registry for gamblers as well as regulator’s helpline for problem gambling, complete with the watchdog’s logo shown somewhere in the advertisement.

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