As stated in section 7(1) of the Anti-Money Laundering Act, gambling operators covered by the Anti-Money Laundering Act must carry out a risk assessment, which covers the risk of the operator being used for money laundering or terrorist financing purposes.
The Danish Gambling Authority has assessed that SIFA (Samvirkende Idræts-Foreninger Aalborg) has not managed to deliver a sufficient risk assessment regarding money laundering or terrorist financing, which is based on their business model and contains identification of risk factors and an assessment and analysis thereof.
The risk assessment is considered sufficient when it covers all areas of the operator’s business model and the described risks. Furthermore, it is a requirement, that a sufficient risk assessment contains relevant data, and that the supranational as well as the national risk assessment has been included in the assessment. Inclusion of additional information may also be relevant.
Due to the above mentioned, the Danish Gambling Authority has on 11 April 2019 ordered SIFA to produce a risk assessment that fulfills the requirements of section 7(1) in The Anti-Money Laundering Act.
The Danish Gambling Authority's injunction is pursuant to section 66 of the Anti-Money Laundering Act.
Notice of the injunction is published in accordance with section 68(1) of the Anti-Money Laundering Act.