The Danish Gambling Authority (Spillemyndigheden) has actually called attention to the current upgrade released by the Financial Action Task Force (FATF). In the upgrade, the intergovernmental body presented, to name a few things, modifications to its grey and black lists, including brand-new jurisdictions.
The FATF's 2 lists describe high– threat jurisdictions with lax steps to fight cash laundering and terrorist funding (AML/CFT). The list has actually shown reliable in raising awareness of the risks handling such areas might provide.
For context, the grey list consists of the following jurisdictions: Algeria, Angola, Bulgaria, Burkina Faso, Cameroon, the Ivory Coast, Croatia, DR Congo, Haiti, Kenya, Lebanon, Mali, Monaco, Mozambique, Namibia, Nigeria, the Philippines, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam and Yemen.
Lebanon stands apart as the most current addition to the list. Gibraltar, on the other hand, was just recently eliminated from the list.
The black list, on the other hand, notes the Democratic People's Republic of Korea, Iran and Myanmar. This list includes nations that decline to take part in worldwide AML/CFT efforts.
Operators Should Keep the Lists in Mind
When it comes to the Spillemyndigheden, the regulator advised that operators should keep the FATF's list of high-risk jurisdictions in mind when risk-assessing gamers.
For context, operators are needed to perform improved consumer due diligence based on area 17( 1) of the Danish AML Act in order to decrease the threat when handling gamers believed of misusing cash for scams. This threat evaluation should be performed based on Annex 3 of the AML act.
Operators, nevertheless, are not needed to carry out improved consumer due diligence merely since a nation has actually been noted on the grey list. According to the Spillemyndigheden, boosted client due diligence is just needed for gamers from markets in the EU Regulation of High Risk Third Country list pursuant to. 17( 2) of the AML Act.
The Danish regulator has actually been striving to eliminate scams and unlicensed betting. As an outcome, it just recently obstructed 79 prohibited gaming sites, bringing the overall variety of obstructed sites in 2024 to 162.
