Following an AML compliance inspection of the operator, the orders were administered to Mr Green by the authority on April 10 for AML breaches on risk assessment, on procedures for internal controls and for failing to ensure that controls are carried out.
In addition, the reprimand was handed to the operator for breaching the rules on notification in the AML act.
Regarding insufficient risk assessment, Spillemyndigheden stated that the decision was made as “no separate risk assessment has been made of the individual identified risks associated with Mr Green’s business model, including payment solutions, and the risk factors associated with it”.
The authority noted that section 7(1) of the AML act states that undertakings subject to the act must “identify and assess the risk that the undertaking may be misused for money ..