HALISTER1: Denmark Mulls Bank Fine Review After Nordea Reported to Police

Denmark Mulls Bank Fine Review After Nordea Reported to Police

(Bloomberg) -- Denmark’s Business Minister Troels Lund Poulsen says in interview he’ll consider reviewing whether fines levied against banks are too small to act as a deterrence.
  • Poulsen says he’s summed political parties to discuss financial regulation, including “whether we have the proper remedies to halt the lack of compliance”
  • “I’m willing to look into whether penalties have the appropriate size” and whether an FSA proposal that would give the financial regulator the power to levy fines should be adopted, Poulsen says
  • Earlier: Nordea Reported to Police for Bank’s Money Laundering Breaches
  • Earlier: March 21, Danske Bank Reported to Police for Anti- Money Laundering Failure
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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NDA SS (Nordea Bank AB)

People
Troels Poulsen (Kingdom of Denmark)

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