Danske Reported to Police for Violating Anti-Laundering Rules
Source: BFW (Bloomberg First Word)
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DANSKE DC (Danske Bank A/S)
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UUID: 7947283
(Bloomberg) -- Danske says the FSA has reported bank to the police for “violating the provisions of the Danish Anti-Money Laundering Act,” according to statement on bank website.
Alert: HALISTER1- Violations are regarding “correspondent bank relationships, including non-compliance with the order issued by the FSA in this area in 2012”
- Report followed FSA inspection
- Flemming Pristed, Group General Counsel, says in statement that bank is cooperating with investigation
- “In step with the mounting challenges with regard to money laundering, we have in recent years increased our efforts considerably and have launched a number of measures, which we are now implementing, but they have yet to take full effect,” Pristed says
Source: BFW (Bloomberg First Word)
Tickers
DANSKE DC (Danske Bank A/S)
To de-activate this alert, click here
UUID: 7947283