bet365 reprimanded by Danish regulator for due diligence violations

Referring to the sports betting and igaming brand by the name of its business entity Hillside (New Media) Ltd, the Danish regulator stated that bet365 had allowed a ‘young player’ to deposit DKK 190,000 (EUR 25,500) to his account in under a year. SBC News explains that this was done without the company holding sufficient knowledge of whether the player’s funds originated from criminal matters.

Additionally, the DGA asserted that bet365 should have taken the opportunity to investigate the origin of the funds in more detail due to the age of the player compared to the amount paid.