Casumo has become the latest operator to receive a reprimand from the Danish Gambling Authority (DGA) for breaching the country’s Anti-Money Laundering (AML) Act.
The brand’s risk assessment, up to 11 March, did not adequately identify or assess customer types, said the DGA.
In addition, Casumo failed to include a distinct identification and risk assessment for each product offered, since their provision of gambling products did not appear separately. Finally, until 18 April, no risk assessment had been made of the brand’s app, hence Casumo had not adequately identified and assessed its delivery channels.
As a result, the DGA said Casumo’s risk assessment fell short in preventing abuses for the purpose of money laundering and terrorism financing.
“The Danish Gambling Authority notes that the rules on risk assessment is a fundamental part of the Anti-Money Laundering Act,” it stated.
“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.”
Since the brand subsequently updated its risk assessment, this reprimand does not oblige Casumo to act.
However, this is a moot point because Casumo withdrew its licence in April and consequently, no longer offers online gambling in Denmark.