Denmark: LeoVegas Escapes Regulatory Probe Unscathed
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LeoVegas AB received a regulatory reprimand in October. The company had recently renewed its online gambling licenses in Denmark.
Danish gambling regulator reprimanded Swedish gambling operator LeoVegas for violating AML and reporting rules. Spillemyndigheden randomly chose 20 of the major players at Leovega and found them in breach of AMLI laws. Leo vegases failed to report suspicious cases of money laundering to the Anti-Money Laundering Secretariat within a reasonable time frame.
LeoVegas introduced new due diligence procedures effective January 1, 2020. Spillemyndigheden decided to reprimand the operator this time. LeoV Vegas' licenses were renewed earlier this month.
