Statement on money laundering inspection in Nordea Denmark, branch of Nordea Bank plc, Finland On 24 and 25 September 2019, the Danish Financial Supervisory Authority inspected Nordea Denmark, a branch of Nordea Bank plc, Finland (hereinafter the “branch”). The inspection was a functional examination of the money laundering area as […]
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 […]
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 and Federal Banking Agencies Clarify BSA Due Diligence Expectations for Charities and Non-Profit Customers Immediate Release November 19, 2020 WASHINGTON—In coordination with the Federal Banking Agencies, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued a joint fact sheet to provide clarity to banks on how to […]
Statement on inspection in A / S Global Risk Management (money laundering area) In March 2020, the Danish Financial Supervisory Authority inspected A / S Global Risk Management. The inspection was an investigation of the money laundering area. The inspection included the company’s risk assessment, policies, procedures and internal controls in the […]
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 […]
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 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 […]
Executive Order on the reporting of AML / CTF data The Danish FSA wants to have effective, database-based and risk-based supervision in the money laundering area. Therefore, the Danish Financial Supervisory Authority needs a number of information about the companies’ characteristics and risks of being used for money laundering or terrorist […]
New guidance on the Money Laundering Act The Danish Financial Supervisory Authority has issued a revised version of the guidelines on the Money Laundering Act. The guide contains, among other things, changes to the collection and control of identity information on real owners. The revised Guidance on the Prevention of Money […]
