SkillOnNet Faces Penalties in Denmark for Money Laundering Breaches
SkillOnNet, an online casino operator and platform, has been issued three injunctions and two additional charges by Spillemyndigheden, the Danish regulatory authority, for violations of the country's anti-money laundering laws. The charges stem from the company's failure to adequately document completed audits, establish internal control procedures, and conduct risk assessments.
Under the terms of the injunctions, SkillOnNet is required to submit revised assessments and outlines of business processes within a two-month timeframe, while also providing documentation of internal control reviews. The severity of the breaches has led to two prosecutions by the Danish regulator.
Responding to the allegations, SkillOnNet management expressed surprise at Spillemyndigheden's decision, characterizing it as a misunderstanding. The company emphasized its commitment to maintaining high standards of compliance with anti-money laundering regulations, both in Denmark and in other jurisdictions where it operates.
8 April 2024, 14:00
Casino and Games
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
One of Germany's states has been given the green light for online casinos and poker
22 September 2024, 09:30
MGM Resorts applies for UAE casino licence
20 September 2024, 15:04
EveryMatrix Set to Acquire Fantasma Games
19 September 2024, 15:00
Flutter Entertainment to Buy Playtech's Snaitech for $2.56 Billion
17 September 2024, 16:48
Other news
Gambling adverts during football matches triple in UK
29 September 2024, 16:17
Merkur Group founder to step down as chairman after 67 years at the helm
29 September 2024, 09:22
Dutch players demand bookmakers refund their money
28 September 2024, 15:14
Flutter Enters Top 3 Largest Bookmakers in Brazil
28 September 2024, 10:08
DraftKings to Pay $200,000 Fine Over Social Media Post
27 September 2024, 15:41
Star Entertainment Group Reports Financial Downturn
27 September 2024, 10:54
Norfolk casino project approved by Architectural Review Board
26 September 2024, 14:37
Flutter Entertainment aims to triple profits
26 September 2024, 09:19
Five social casino ads banned in UK
25 September 2024, 10:27
Brazil's WA.Technology Acquires Onseo
24 September 2024, 17:24
ESPN Bet Could Launch in New York by Weekend
24 September 2024, 08:30
EveryMatrix Appoints Former Entain Employee as Product Director
23 September 2024, 17:03
Articles
Why will the Snaitech deal double Flutter's market share in Italy?
26 September 2024, 16:00
Hiring Talent from Different Industries: Why and How?
26 September 2024, 09:09
The Social Casino Phenomenon: Real Money and Databases for Bookmakers
20 September 2024, 17:18
Dividing the Peruvian Pie: Who Will Take Over the Market After the Regulatory Law?
20 September 2024, 14:10
Expert Opinion: Why Betting Can't Survive Without AI Analysis of Sports Data
13 September 2024, 11:00
Categories