Regulatory Alerts2026-04-27
Financial companies have good handling of EU sanctions
The Danish Financial Supervisory Authority (Finanstilsynet) issued a thematic investigation report confirming that selected financial institutions effectively manage compliance with EU sanctions against Russia and Belarus through robust customer screening, continuous staff training, and dedicated management oversight. The authority found no deficiencies warranting enforcement action, noting that companies have successfully adapted their procedures and systems to stop and manually review potentially sanctioned transactions. Finanstilsynet emphasizes that firms must maintain these resources and controls, as the sanctions landscape remains a priority for ongoing anti-money laundering supervision.
Share