MORE: Nordea to Take All Actions Needed to Stay Trusted Partner
Source: BFW (Bloomberg First Word)
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NDA SS (Nordea Bank AB)
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Casper Von Koskull (Nordea Bank AB)
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UUID: 7947283
(Bloomberg) -- Nordea CEO Casper von Koskull says that “as CEO, I will take all actions necessary to ensure that we stay a safe and trusted partner.”
Alert: HALISTER1- Expects investigation initiated to verify that business activities in Private Banking operations are in line with internal policies as well as external tax rules and anti- money laundering regulations to be finalized during summer
- To address deficiencies highlighted by FSA last spring, bank established a Financial Crime Change Programme in June 2015 with “a focus on ensuring robust group-wide standards and processes”
- As part of that, bank is establishing a central anti- money laundering unit “for know your customer, sanctions screening and transaction monitoring”
- Says “we are significantly strengthening the functions and processes devoted to regulatory compliance in general”
- Says those “efforts will ensure consistency and quality in our compliance work, and also that we will be more rigorous, efficient and competent in serving our customers”
- Efforts “will only succeed if we continue to have a strong risk and compliance culture in place”
- Earlier: Nordea 1Q Net Income Misses Estimates
Source: BFW (Bloomberg First Word)
Tickers
NDA SS (Nordea Bank AB)
People
Casper Von Koskull (Nordea Bank AB)
To de-activate this alert, click here
UUID: 7947283