Unibet has been sanctioned by the Danish Gambling Authority (DGA) for violating anti-money laundering (AML) regulations.
Unibet failed to comply with the Danish Anti-Money Laundering Act’s obligations for customer due diligence and its obligation to examine suspicious behaviour, according to the DGA.
Between December 2016 and 2018, Unibet allegedly allowed a player to put DKK 1.4 million ($213,010) into his account without knowing whether or not the money came from criminal activity.
The DGA further stated that this occurred after Unibet made a notation in 2015 stating that if the player in question, who was then dormant, became active again, they would be monitored.
Unibet demanded that the player present proof regarding the source of his funds in December 2018. “The documents submitted by the player verified the suspicion that the player risked significantly more than he could fund through his income and assets,” the DGA said.
However, the sports betting site appears to have permitted the player to deposit an additional DKK 1.8 million into his account between April 2019 and April 2020.
Unibet has been given two weeks to file a report with the country’s Money Laundering Secretariat or risk a more severe punishment.
“The order on notice is issued because Unibet failed to notify the Money Laundering Secretariat in the same case, despite the fact that they had a suspicion in 2015 that was never dismissed,” the DGA added.
“Because Unibet has not yet contacted the Money Laundering Secretariat, the breach remains, and Unibet has been ordered to rectify the problem by filing a report.”