The Danish Gambling Authority manage the supervision of money laundering in the gambling area while the Danish Financial Supervisory Authority, the Danish Business Authority, the Danish Tax Agency, and the Danish Bar and Law Society manage the supervision of other persons and organisations included in the Act on measures to prevent money laundering and financing of terrorism.
The combat of money laundering and terrorism financing receives is of great importance in Denmark.
Gambling operators play, like the financial institutions and other obligated X, an important role as the spearhead of the combat of criminals' attempt at abusing their services.
The Danish Gambling Authority supervises that licence holders and gambling operators established in Denmark that provide gambling in other countries comply with the Anti-Money Laundering Act.
The licence holders of the following categories are supervised:
- Online betting
- Land-based betting
- Online casino
- Land-based casino
The Anti-Money Laundering Act applies to all types of gambling products, but the Minister for Taxation can exempt particular gambling products from the legislative requirements partly or entirely if the gambling product is assessed to constitute a low risk of being exploited.
Please note that the gambling products that are exempted from the law are still covered by the duty to report to the Danish FIU.