Danish regulator reminds operators of enhanced checks for grey-list countries

| By Robert Fletcher
Danish gambling regulator Spillemyndigheden has issued a reminder to licensed operators over a requirement to carry out additional customer due diligence procedures for grey-listed countries.
Danish regulator issues injunction to Cashpoint Limited

The Financial Action Task Force (FATF) last month updated its list of “grey” and “black” countries and jurisdictions that require extra checks to avoid issues related to money laundering and terrorist financing.

The most recent edition of the list names Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, United Arab Emirates, DR Congo, Philippines, Gibraltar, Haiti, Jamaica, Jordan, Mali, Morocco, Mozambique, Panama, Senegal, South Sudan, Syria, Tanzania, Turkey, Uganda, United Arab Emirates and Yemen as grey countries.

As such, Spillemyndigheden said that players from these countries should be subjected to enhanced due diligence procedures.

Blacklisted

The FATF also named North Korea, Iran and Myanmar on its black list of countries. 

For any jurisdiction on the black list, the FATF requires its members to apply enhanced due diligence and, in the most serious cases, counter measures to protect against money laundering, terrorist financing and proliferation financing risks emanating from each country.

The reminder comes after Spillemyndigheden in September was awarded court approval to continue blocking 82 unlicensed websites that offer illegal forms of gambling to Danish consumers.

The total was the highest ever blocked by the regulator in a single enforcement action.

Subscribe to the iGaming newsletter