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Compliance Updates

Danish Regulator Reprimands Unibet Over AML Issues

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Unibet ‘Denmark’ Limited, which is responsible for Kindred’s Danish business, has been ordered by the Danish Gambling Authority (DGA) to update its risk assessment.

The regulator said it uncovered a “number of breaches” during an inspection concerning the company’s AML obligations.

The DGA reprimanded Unibet for violating its rules on business procedures, know your customer (KYC) measures and politically exposed persons etc., as well as its rules on obligation to investigate and obligation to report.

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It said, until 25 January this year, Unibet did not have “sufficient written business procedures for ongoing monitoring of existing customer relations.”

The DGA added that Unibet also lacked sufficient business procedures for collecting and assessing documentation in relation to suspected money laundering, as well as mitigating existing risks through certain payment methods.

A further reprimand was given for Unibet’s insufficient business procedures “for managing politically exposed persons, their family members and close associates,” as well as for not employing adequate KYC measures for five out of 20 high-roller customers inspected during a spot check.

Unibet also, according to the DGA, allowed a young player to deposit more than DKK 1m ($152,708) without adequate knowledge of his funds’ source.

The regulator has given the company two months to update its risk assessment, though said its reprimands do not entail an obligation to act since the breaches no longer exist.

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Kindred said in a statement: “As previously communicated, Unibet ‘Denmark’ Limited, which operates Kindred Group’s Danish business, has been reprimanded by the Danish gambling authority, regarding past failing related to AML.

“Since then, Unibet has, in collaboration with the regulator, updated its AML framework accordingly and will provide the regulator with an updated risk assessment.

“Kindred Group have the ambition to demonstrate the highest quality and standards in the industry and we are pleased to see that the regulator have now acknowledged that the breaches no longer exists.

“Kindred has corresponded with the regulator in the matter in an open, transparent and productive manner throughout the process.

“We will continue with the collaboration and do everything necessary to further strengthen our control procedures maintaining our ambitions on offering high consumer safety and AML security.”

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Compliance Updates

Booming Games Receives Danish License Approval

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Booming Games, a rapidly expanding provider of iGaming content, has successfully secured a Danish Gambling Authority (Spillemyndigheden) license, marking a major milestone in the company’s efforts to broaden its presence across Europe.

Booming Games has officially secured its B2B gaming license from the Danish Gambling Authority (DGA), enabling the company to supply its renowned content to licensed gambling operators across Denmark. Danish players can now enjoy popular titles such as Burning Classics, TNT Bonanza, Cash Pig, Buffalo Hold and Win Extreme, and Gold Gold Gold.

This achievement marks a significant milestone in Booming Games’ strategic expansion into the European market. By obtaining the DGA license, the company strengthens its position as a leading iGaming content provider and unlocks new opportunities within the region. With the Danish license complementing its existing portfolio of certifications, Booming Games is poised to deliver outstanding gaming experiences to players throughout Europe.

Frederik Niehusen, Chief Commercial Officer at Booming Games, said: “We are excited to announce the acquisition of our full Danish B2B gaming license. This milestone further expands our presence in the fast-growing Danish market. It positions us to leverage our strengths and enhance our product portfolio to meet our customers’ needs better.”

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Compliance Updates

Stakelogic Secures License to the newly regulated Danish market

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Industry-leading provider secures license to provide slots and live content in Denmark

Award-winning casino content provider Stakelogic has obtained a license from the Danish Gambling Authority, Spillemyndigheden, to provide its gaming content in Denmark.

The license will allow Stakelogic to bring its premium portfolio of online casino slots and live dealer content to the Danish market, including recent releases like Fire and Gold Cluster Breaker, Super Wheel Game Show, Trident of Legends, and The Watcher.

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Stakelogic is able to partner up with leading Danish operators, establishing itself as a must-have provider in the country. The move further highlights Stakelogic’s commitment to strengthening its position in the European market and exploring new and exciting regulated markets.

The license also further cements the company’s presence in the Scandinavian markets, having secured a license from the Swedish authority, Spelinspektionen, in 2023 and establishing itself as a popular provider among Swedish players.

Denmark is one of Europe’s fastest-growing markets, with a strong focus on customer care and responsible gambling. Stakelogic is proud to have met all the requirements needed to obtain the license, highlighting its commitment to providing players with the best and safest gaming experiences.

Stephan van den Oetelaar, CEO at Stakelogic, said: “Denmark is one of the fastest growing markets in Europe, and we are proud to have achieved a license to the newly regulated market.

We are grateful to Spillemyndigheden for their support in us and we are excited to take our next steps into the market.”

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Compliance Updates

UKGC Appoints Charles Counsell OBE as Interim Chair

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Charles Counsell OBE has been appointed as Interim Chair of the UK Gambling Commission (UKGC) for a nine month term which will commence on 1 February 2025.

Charles was Chief Executive Officer of The Pensions Regulator from April 2019 to March 2023. Prior to this he was CEO of the Money Advice Service, and Executive Director of Automatic Enrolment at The Pensions Regulator.

As CEO of The Pensions Regulator, Charles developed the new corporate strategy to put the pension saver at the heart of the Regulator. He delivered their first Equality, Diversity and Inclusion Strategy and Climate Change strategies – both focused on driving change in the regulator and across the Pensions Sector.

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Throughout his career, his roles have focused on setting up and delivering large change programmes requiring significant stakeholder relationship engagement: initially in the private sector and latterly in senior public sector appointments.

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