Politiets Efterretningstjeneste (PET), Denmark’s National Security and Intelligence Service has published the third instalment of national AML and anti-terrorist financing guidelines to replace the previous 2020 risk assessment policies.
The watchdog further noted that the rulebook has been revised as a result of the close cooperation between national authorities, the private and the public sectors in Denmark.
It highlighted that the main change in the new risk assessment has been the introduction of a clearer distinction between financial threats, vulnerabilities and risks, as well as a better vision of how they intertwine.
Recently, Denmark has taken significant steps towards improving its gambling market.
In October 2023, the government rolled out its new customer ID card scheme mandatory to all gambling providers for the prevention of money laundering and stronger customer controls.
Later in December, the Danish Gambling Authority Spillemyndigheden launched the revamped StyrPåSpillet.dk website that serves as a public registry for the latest information on the land-based, lottery and igaming sectors – part of Denmark’s ‘2023-to-2025’ national strategy to reduce gambling harm.
Shortly after, the regulator launched its first-ever nationwide advertising campaign targeting under 18s and warning them about the negative effects of compulsive gambling behaviour.
New controls dictate that all gambling operators must incorporate the new national risk assessment in their business, maintaining satisfactory risk prevention levels at all times. Commands must be reassessed at least once a year and reflect any regulatory developments introduced in the future.