The Danish Gambling Authority highlights updated list of high risk jurisdictions

The Financial Action Task Force's updated list of high-risk jurisdictions has drawn attention from the Danish Gambling Authority.

Established in 1989 as an intergovernmental taskforce to combat money laundering, the Financial Action Task Force is also referred to as the Groupe d'action financière. In 2001, this was broadened to cover financing of terrorism.

Therefore, when performing enhanced customer due diligence checks on customers, gambling operators need to be aware of the countries listed in the Financial Action Task Force's regularly updated lists.

 

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The recent controversy involving influencers like Flor Vigna and Flavio Azzaro promoting illegal online betting on social media raises concerns about the ethics of advertising and the potential harm to their followers. The promotion of unregulated gambling sites can expose young and vulnerable audiences to risks such as fraud and addiction. This situation highlights the need for stronger regulations and responsible marketing practices in the online gambling industry, ensuring that influencers only promote licensed and secure platforms that prioritize player safety and legal compliance.