The FATF is an international AML and CTF monitoring body that advises jurisdictions on action plans to combat criminal activity, and scrutinises those who fall behind. It was set up by the G7 group of countries, but its influence is felt globally.
Meanwhile, under Danish and EU gaming laws, licensees are required to perform enhanced customer due diligence (EDD) checks when there is cause for concern that a player has put an operator at risk of being misused for money laundering or terrorist financing.
One of these risk precursors is when a player is linked to a high-risk jurisdiction – such as one on the FATF’s ‘grey list’ or ‘black list’ of countries.
While the presence of a jurisdiction on the FATF’s monitoring list does not require an EDD check in and of itself, increased due diligence is mandatory when a country appears on the..