Statement of inspection in Bedre Kredit ApS (money laundering area) On September 13, 2019, the Danish FSA was on inspection in Bedre Kredit ApS. The inspection was an investigation of the money laundering area as part of the ongoing supervision of the company. The inspection included the company’s risk assessment, policies, business […]
Sub.: Summary of Order-in-Original No. III/DIR/FIU-IND/2020 in the matter of Shri Vinayak Sahakari Bank Ltd. reg. In order to assess the compliance of Shri Vinayak Sahakari Bank Ltd. (the Bank) with regard to its obligations under the Prevention of Money Laundering Act, 2002 (the Act) and the Prevention of Money […]
Sub.: Summary of Order-in-Original No. 1/DIR/FIU-IND/2020 in the matter of Tumkur Grain Merchants’ Co-operative Bank Ltd. reg. In order to assess the compliance of Tumkur Grain Merchants’ Co-operative Bank Ltd. (the Bank) with regard to its obligations under the Prevention of Money Laundering Act, 2002 (the Act) and the Prevention […]
Sub.: Summary of Order-in-Original No. 2/DIR/FIU-IND/2020 in the matter of NOIDA Commercial Co-operative Bank Ltd. reg. In order to assess the compliance of NOIDA Commercial Co-operative Bank Ltd. (the Bank) with regard to its obligations under the Prevention of Money Laundering Act, 2002 (the Act) and the Prevention of Money […]
Statement of inspection in Flex Funding A / S (payment service and money laundering area) In March 2018, the Danish FSA was on inspection in Flex Funding A / S. The inspection was an examination of the payment service and money laundering area as part of the ongoing supervision of the […]
Notice of Amendments to Legislation 05 Mar 2020 Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 125, 129 and 130 the DFSA Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in […]
Statement of inspection in Tavex A / S (money laundering area) In November 2018, the Danish FSA was on inspection at Tavex A / S. The inspection was an investigation of the money laundering area as part of the ongoing supervision of the company. The inspection included the company’s compliance with […]
Draft Guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849 on customer due diligence and ML/TF risk factors (JC 2019 87) (JC 2019 87) START DATE: 05/02/2020 | DEADLINE: 05/05/2020 | STATUS: OPEN | | Send your comments The EBA issued today a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors Guidelines […]
Statement of inspection in Repay Finance A / S (money laundering area) In July 2019, the Danish FSA was on inspection in Repay Finance A / S. The inspection was an investigation of the money laundering area as part of the ongoing supervision of the company. The inspection included the company’s risk assessment, […]
In conjunction with the latest advisories from the Financial Action Task Force (FATF), HM Treasury issued an advisory notice about AML/CFT with regard to these high-risk countries. Here is the introductory section: HM Treasury Advisory Notice: Money Laundering and Terrorist Financing controls in higher risk jurisdictions Requirement to apply Enhanced […]
