The Danish Playing Authority issued the preliminary corrective order to SkillOnNet regarding its insufficient anti-money laundering danger evaluation, which the regulator deemed inadequate below part 7(1) of the Anti-Cash Laundering Act attributable to an absence of separate assessments for particular person merchandise and fee options.
Further orders pertain to SkillOnNet’s written procedures and failure to doc the implementation of inside controls.
SkillOnNet has a two-month deadline to handle the orders by submitting revised danger assessments and enterprise procedures for inside controls. Inside six months, the corporate should present documentation confirming the implementation of inside controls.
The Danish Playing Authority has additionally issued two reprimands to SkillOnNet, which don’t require rapid motion. These contain deficiencies within the enterprise process for politically uncovered individuals and shortcomings within the whistleblower scheme concerning anonymity necessities.
