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Finanstilsynet Inspection Report: City Kiosk – Cafe Spil og Vind by Eva Jakobsen

Statement on inspection in the City Kiosk – Cafe Spil og Vind by Eva Jakobsen (money laundering area)

In July 2021, the Danish Financial Supervisory Authority inspected the City Kiosk – Cafe Spil og Vind by Eva Jacobsen. The inspection was an investigation of the money laundering area.

The inspection included the agent’s compliance with the Money Laundering Act, including the agent’s customer due diligence procedures, as well as monitoring of customers, including compliance with the duty of investigation, listing, notification and retention.

Risk assessment and summary

The agent was registered as an agent in the Danish Financial Supervisory Authority’s business register on 1 November 2009 and has a limited license to offer payment services in Denmark, cf. section 51, subsection 1, cf. Appendix 1, no. 6, of the Payments Act. The agent offers cash transfers abroad through the money transfer companies Western Union, Ria and MoneyGram. The agent’s customers can choose which of the three providers they want to use to transfer money abroad.

The Danish Financial Supervisory Authority assesses that the agent’s inherent risk of being used for money laundering or terrorist financing is highly assessed in relation to the average of financial companies in Denmark. In the assessment, the Danish Financial Supervisory Authority has placed particular emphasis on the fact that money transfer activities in Denmark’s national risk assessment in the area of ​​money laundering are listed as an area that involves a high risk of money laundering and terrorist financing. The Danish FSA has also emphasized the agent’s business scope, which is handled in collaboration with Loomis A / S.

Based on the inspection, there are two areas that give rise to supervisory reactions.

The agent has been instructed to list the customers or money transfers that the agent rejects or that the agent finds suspicious.

The agent has also been instructed to register with GoAML, and to immediately notify the Money Laundering Secretariat if the agent is aware of, suspects, or has reasonable grounds to suspect that a transaction, funds or activity has or has been linked to money laundering. or terrorist financing.

Link:

Finanstilsynet Inspection Report

Categories: Anti-Money Laundering Finanstilsynet Updates Inspection Reports

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