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Finanstilsynet Inspection Report: FLEASING A/S

Statement on inspection in FLEASING A / S (money laundering area) In March 2020, the Danish Financial Supervisory Authority conducted a virtual inspection of FLEASING A / S. The inspection was an investigation of the money laundering area. The inspection included the company’s risk assessment, policies, procedures and internal controls. In addition, the […]

Have some Danish (FAQs), bank customers!

Are you a customer of a financial company?  Here you will find the answers to the most frequently asked questions we receive from customers in financial companies. The Money Laundering Act requires that i.a. the financial companies, e.g. the banks, know their customers and check the identity of the customers. They must also […]

FinCEN held a Ransomware Exchange last week…

FinCEN Holds Virtual FinCEN Exchange on Ransomware Contact Office of Strategic Communications, 703-905-3770 Immediate Release November 12, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today convened a virtual FinCEN Exchange with representatives from financial institutions, technology firms, third-party service providers, and federal government agencies to discuss growing concerns regarding ransomware, as […]

Finanstilsynet Inspection Report: Global Exchange Denmark ApS

Statement on inspection in Global Exchange Denmark ApS (money laundering area) In September 2020, the Danish Financial Supervisory Authority inspected Global Exchange ApS. The inspection was an investigation of the money laundering area. The inspection included the company’s policies, procedures and internal controls as well as customer due diligence procedures including monitoring […]

FinCEN renews its Real Estate GTOs

FinCEN Reissues Real Estate Geographic Targeting Orders for 12 Metropolitan Areas Contact Strategic Communications, 703-905-3770 Immediate Release November 05, 2020 WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) today announced the renewal of its Geographic Targeting Orders (GTOs) that require U.S. title insurance companies to identify the natural persons behind shell companies used […]