Regulatory Alerts2026-05-04
Police Report on Nordea Finans Danmark A/S for Violation of the Money Laundering Act
The Danish Financial Supervisory Authority has requested a police investigation into Nordea Finans Danmark A/S for systemic failures in customer due diligence and risk assessment procedures, particularly concerning credit card issuance. The regulator determined that the company lacked sufficient knowledge of a large customer group, failed to document the purpose of business relationships, and omitted mandatory risk classifications from a money laundering and terrorist financing perspective. These violations constitute grounds for criminal liability under Section 78 of the Danish Money Laundering Act.
Share