{"id":64,"date":"2024-06-12T17:00:11","date_gmt":"2024-06-12T14:00:11","guid":{"rendered":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/"},"modified":"2024-06-13T12:04:08","modified_gmt":"2024-06-13T09:04:08","slug":"danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations","status":"publish","type":"post","link":"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/","title":{"rendered":"Danish Gaming Authority Penalizes SkillOnNet for Anti-Money Laundering Violations"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/5HqsZqdQrt0\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Danish Gaming Authority (DGA) levied five anti-money laundering sanctions against SkillOnNet.<\/p>\n<p>The company received three directives and two warnings because of deficiencies in their anti-money laundering protocols.  In essence, the DGA determined that SkillOnNet was not taking sufficient measures to prevent money laundering via their platform.<\/p>\n<p>The DGA&#8217;s inquiry revealed problems with SkillOnNet&#8217;s risk evaluation processes.  They were not appropriately assessing the risks linked to their various products and payment methods, a significant breach in the realm of AML adherence.  SkillOnNet also neglected to maintain adequate records of their internal controls for deterring money laundering &#8211; a crucial requirement for demonstrating conformity.<\/p>\n<p>Due to these lapses, SkillOnNet has been instructed to present a revised risk assessment and other required documentation within eight weeks. They must also furnish proof that they have implemented more robust internal controls within six months. <\/p>\n<p>The Danish Gaming Commission penalized SkillOnNet for failing to comply with anti-money laundering regulations. Apparently, they neglected to submit the necessary documentation to demonstrate adherence to the guidelines, a major violation as per section 8, subsection 1 of the Anti-Money Laundering Act.<\/p>\n<p>Furthermore, the Commission expressed dissatisfaction with SkillOnNet&#8217;s onboarding procedures for new clients. They discovered significant flaws in the process, essentially a discrepancy between the company&#8217;s stated practices and the reality. This issue persisted until at least October 16, 2023, potentially breaching numerous regulations, including (but not limited to!) sections 8(1) and 18(1) of the Act.<\/p>\n<p>To make matters worse, SkillOnNet also mishandled its whistleblowing mechanism. Until June 2023, the sole method for reporting suspicious activity was via email \u2013 hardly a secure way to maintain confidentiality! This poses a serious problem as it contradicts section 35(1) of the Act, which focuses on safeguarding the identities of those who come forward. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Danish Gaming Authority (DGA) levied five anti-money laundering sanctions against SkillOnNet. The company received three directives and two warnings because of deficiencies in their anti-money laundering protocols. In essence,&hellip;<\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SkillOnNet Slapped with AML Sanctions by Danish Gaming Authority<\/title>\n<meta name=\"description\" content=\"Danish regulator issues five anti-money laundering penalties to SkillOnNet, citing insufficient risk assessment and inadequate safeguards against financial crime.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Danish Gaming Authority Penalizes SkillOnNet for Anti-Money Laundering Violations\" \/>\n<meta property=\"og:description\" content=\"Danish regulator issues five anti-money laundering penalties to SkillOnNet, citing insufficient risk assessment and inadequate safeguards against financial crime.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/\" \/>\n<meta property=\"og:site_name\" content=\"Experience the Future of Online Casino Gaming | Licensed\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-12T14:00:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-13T09:04:08+00:00\" \/>\n<meta name=\"author\" content=\"Caleb &quot;Cobra&quot; Reed\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Caleb &quot;Cobra&quot; Reed\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/\",\"url\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/\",\"name\":\"SkillOnNet Slapped with AML Sanctions by Danish Gaming Authority\",\"isPartOf\":{\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#website\"},\"datePublished\":\"2024-06-12T14:00:11+00:00\",\"dateModified\":\"2024-06-13T09:04:08+00:00\",\"author\":{\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#\/schema\/person\/9341ddb970be11129e6e190fb60b551f\"},\"description\":\"Danish regulator issues five anti-money laundering penalties to SkillOnNet, citing insufficient risk assessment and inadequate safeguards against financial crime.\",\"breadcrumb\":{\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/2024\/06\/12\/danish-gaming-authority-penalizes-skillonnet-for-anti-money-laundering-violations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/freecashnodepositbonuscasino.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Danish Gaming Authority Penalizes SkillOnNet for Anti-Money Laundering Violations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/freecashnodepositbonuscasino.icu\/#website\",\"url\":\"https:\/\/freecashnodepositbonuscasino.icu\/\",\"name\":\"Experience the Future of Online Casino Gaming | Licensed\",\"description\":\"Stay informed and maximize your gambling experience with our fresh casino news, honest reviews, and informative insights. 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