FATF upgrades its evaluation of Denmark’s AML/CTF framework

FATF upgrades Denmark’s efforts to prevent money laundering and terrorist financing

The Financial Action Task Force (FATF) has upgraded Denmark during its plenary session in October 2018. 

Denmark’s efforts to prevent money laundering and terrorist financing have been upgraded to 10 of the FATF’s so-called recommendations, which state the requirements for Member States’ regulatory frameworks and institutional issues in the context of the prevention of money laundering and terrorist financing.

The upgrades from FATF are primarily due to the implementation of the EU’s 4th Money Laundering Directive in Danish law in June 2017, as well as political initiatives. 

Once a country has been evaluated, it is possible to seek upgrades on technical compliance, ie. 

Links:

Finanstilsynet Notice

FATF Report

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