Danish Regulator issues orders to Royal Scandinavian Casino Århus for money laundering violations
Royal Scandinavian Casino Århus has received six orders from Danish regulator Spillemyndigheden for several breaches.
Danish regulator Spillemyndigheden has issued six orders to Royal Scandinavian Casino Århus for violating money laundering regulations.
The casino was found to have made insufficient identification and risk assessments of customers, including politically exposed persons (PEPs) and individuals subject to financial sanctions.
The breaches included inadequate risk assessment, business processes, controls, education, customer due diligence, and enhanced procedures for high-risk guests.
The casino has been given three months to comply with the orders or face further sanctions.