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SkillOnNet received an initial order from the Danish Gambling Authority to correct its lack of adequate anti-money laundering risk assessment. Section 7(1) of Anti-Money Laundering Act Due to the lack of individual assessments for products and payment options.
SkillOnNet has received additional orders for failing to implement internal controls and for not having written procedures.
SkillOnNet must respond to the orders within two months by providing revised risk assessments, business procedures and internal controls. In six months’ time, SkillOnNet must submit documentation that confirms the implementation of its internal controls.
SkillOnNet has received two other reprimands from the Danish Gambling Authority, but these do not need immediate action. The reprimands are based on deficiencies within the Business procedure for political exposed persons There are some shortcomings with the whistleblower system in terms of anonymity.
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