Regulatory Alerts2023-04-11
Order on transactions covered by the fast-track scheme for anti-money laundering reporting
The Danish Ministry of Justice issued this order to define specific transactions that qualify for the fast-track anti-money laundering reporting scheme under the Money Laundering Act. It establishes that any transaction involving deposited funds of 1 million Danish kroner or more prior to execution is deemed to meet the criteria for immediate reporting. The regulation entered into force on June 1, 2023, simultaneously repealing the previous 2021 order on the same subject.
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