Key points:
- The FATF has released an updated version of its AML high-risk grey and black lists
- The Danish Gambling Authority has subsequently taken the chance to remind operators of their legal customer due diligence and related obligations
As reported by Danish regulator Spillemyndighenden, the Financial Action Task Force (FATF) has released updated versions of both its global jurisdiction black and grey lists.
Indeed, the lengthy list of grey-listed global jurisdictions represents all nations considered to be of concern regarding AML security. Specifically the grey list consists of; Algeria, Angola, Bolivia, Bulgaria, Burkina Faso, Cameroon, the Ivory Coast, DR Congo, Haiti, Kenya, Laos, Lebanon, Monaco, Mozambique, Namibia, Nepal, Nigeria, South Africa, South Sudan, Syria, Venezuela, Vietnam, the Virgin Islands (Great Britain) and Yemen.
Indeed, the black list is much shorter, containing only the Democratic People’s Republic of Korea, Iran and Myanmar.
Subsequent to this latest update, the Danish Regulator has issued a reminder to operators of their responsibility to conduct enhanced customer due diligence checks if a player has been flagged as higher risk – as stated in the Danish AML Act. However, the organisation has also reiterated that operators are not necessarily required to conduct these assessments based on any interactions with the FATF’s black and grey list nations – but rather as a general anti-AML initiative.
Good to know: Last month, following the removal of the Philippines from the FATF grey list, PAGCOR was commended for its role in tackling AML-related issues in the nation
Elsewhere, in the Danish market, it was revealed in April that overall market GGR had risen 5.6% year-on-year to DKK 11bn ($1.73bn) during the course of 2024.
Prior to this, the Danish Gambling Authority announced it would be expanding efforts to combat illegal gambling, specifically working closely with streaming platforms such as Twitch.
