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Stricter Customer Awareness Procedures – EU Updates Regulation on High-Risk Third Countries

May 1, 2022 | Gambling

ODENSE, Denmark (April 25, 2022) — Companies and individuals, including gaming providers, are obliged to carry out stricter customer knowledge procedures pursuant to section 17 (1) of the Money Laundering Act. 2, if players come from a country listed in the EU Regulation on high-risk third countries. The regulation has been updated several times since 2016, so gaming providers need to be aware of this.

The Gambling Authority points out that the EU has decided to update the regulation again so that some countries are added, while other countries are removed from the list. The listed countries can be found on the European Commission’s website and are now as follows:

Afghanistan, Barbados, Burkina Faso, Cambodia, Cayman Islands, Haiti, Iran, Jamaica, Jordan, Mali, Morocco, Myanmar / Burma, Nicaragua, North Korea, Pakistan, Panama, Philippines, Senegal, South Sudan, Syria, Trinidad and Tobago, Uganda, Vanuatu , Yemen, Zimbabwe.

If you have any questions, you are welcome to contact the Danish Gaming Authority’s money laundering group via hvidvask@spillemyndigheden.dk.

SOURCE: Spillemyndigheden (The Danish Gaming Authority).

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