Nordea Is ‘Morally Obliged’ to Fight Money Laundering, CRO Says
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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NDA SS (Nordea Bank AB)
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Julie Galbo (Nordea Bank AB)
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UUID: 7947283
(Bloomberg) -- Nordea has a moral obligation to fight money laundering, Chief Risk Officer Julie Galbo tells Denmark’s parliament.
- Nordea wants to develop tools to help identify potential financial crimes and to use that expertise to help the authorities, Galbo says
- Nordea has historically been too focused on banking, and hasn’t done enough to counter money laundering, she says
- The bank is able and willing to help authorities track the money trail of suspected criminals, Galbo says
- Galbo says it’s not possible to rule out that Nordea might be used by criminals for money laundering purposes in the future, but says the bank will do whatever it can to avoid that happening
- Galbo says Nordea is cautious on blockchain technology because it can be used by criminals to channel funds
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
NDA SS (Nordea Bank AB)
People
Julie Galbo (Nordea Bank AB)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283