Regulatory Alerts2026-04-17
Act on Preventive Measures against Money Laundering and Financing of Terrorism (the Money Laundering Act)
The Danish Ministry of Industry and the Financial Supervisory Authority have issued the consolidated Act on Preventive Measures against Money Laundering and Financing of Terrorism, which transposes EU directives into Danish law. The legislation mandates that a wide range of financial institutions, designated non-financial businesses, and professions implement robust risk assessments, customer due diligence, and internal control procedures to prevent illicit financial activities. It further establishes strict prohibitions on high-value cash transactions and the use of 500-euro banknotes, while defining key terms and obligations for reporting suspicious activities to the Money Laundering Secretariat.
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