State-owned gambling firm fined for money laundering lapses

News on 29 Apr 2017

The 2013 criminal actions of an insurance company employee who stole from his firm to gamble held consequences this week for Denmark’s state-owned gambling company Danske Spil, which “under protest” paid a hefty DKK 1.2 million fine to the State Attorney for lapses in its anti-money laundering systems.

The insurance employee gambled some of the stolen money away on Danske Spil but the matter did not surface until two years later when national gambling regulator Spillemyndigheden opened an investigation.

Related and similar