The Spillemyndigheden, the Danish Gambling Authority, has issued a public service announcement regarding new regulatory drafts and guidelines published by the European Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA).
The new drafts relate to group-wide minimum requirements and business-wide risk assessments.
There will also be additional measures put in place for subsidiaries and branches in third countries, where day-to-day operations may be different from those in other jurisdictions.
For example, some of the new drafts include rules on information sharing within large entities and a higher level of support for offices in third countries.
These initiatives aim to tighten anti-money laundering and counter-financing terrorism (AML/CFT) frameworks across Europe.
To ensure that they are appropriate and robust for as many businesses as possible, the AMLA is inviting people to respond to the proposed changes before they are officially implemented.
As part of its approach to transparent policy-making, the AMLA will publish the consultation responses to its website.
Then, after each full consultation period, the AMLA will publish a final report summarising the main points raised during the period and the ways the AMLA has addressed them.
The deadline for the consultation on group-wide minimum requirements ends on 15 June, while the consultation for business-wide risk assessments ends on 15 July.
Two additional live consultations end on 8 May, those being a draft on criteria for identifying business relationships, occasional and linked transactions and lower thresholds; as well as a draft on customer due diligence.
Any relevant party is encouraged to contribute to the drafts, including financial institutions and designated non-financial businesses, professions, civil society organisations, academia, sectoral federations and other stakeholder organisations.
Elsewhere in Denmark, football club AGF has extended its long-standing partnership with Danske Spil’s betting brand Oddset in a renewed agreement running through to summer 2030.
The AMLA is a decentralised EU agency that coordinates with national authorities to ensure the correct and consistent application of EU rules
