Regulatory Alerts2021-12-09
Order on Which Enterprises and Persons Are Exempt from the Money Laundering Act
The Danish Financial Supervisory Authority issued this order to define the specific conditions under which certain enterprises and persons are exempt from customer due diligence requirements under the Money Laundering Act. Exemptions apply only to entities conducting limited financial activities that are accessory to their main business, subject to strict annual and per-transaction monetary caps. Affected entities are required to submit an annual written notification to the regulator confirming their use of this exemption.
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