Regulatory Alerts2023-05-30
Order on Reporting and Publication of Information on Domestic Politically Exposed Persons
The Danish Financial Supervisory Authority is mandated to maintain and publish a public register of domestic politically exposed persons (PEPs) based on data submitted by specified government bodies and organizations. Entities including the Danish Parliament, political parties, ministries, state-owned enterprises, and the National Bank must report the names, positions, and birth dates of relevant individuals within three business days of their appointment or resignation. Failure to comply with these reporting obligations subjects the responsible organs to daily or weekly fines imposed by the Minister for Business Affairs.
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