Nordea Reported to Danish Police After FSA Faults AML Compliance
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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(Bloomberg) -- Danish FSA investigation into Nordea Bank Danmark’s compliance with anti-money laundering rules has been handed over to police for further handling and possible sanctions, bank says
Alert: HALISTER1- CEO Casper von Koskull says in statement that deficiencies are “unacceptable” and “becoming compliant is an absolute top priority for Nordea”
- Bank “initially underestimated the complexity and the time it takes to change our procedures,” he says
- Danish FSA investigated last year Nordea Bank Danmark’s compliance; FSA findings related to Nordea’s “earlier reported deficiencies,” banks says
- Compliance area is to grow; unit has 850 full-time employees focusing on these tasks “with the aim to be around 1,150 by the end of this year” and “is expected to grow even further”
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