HLSE:NDA FIBanks
Nordea Police Probe Tests Money Laundering Controls And Returns Story
Danish authorities have opened a new police investigation into Nordea Finans Danmark regarding potential breaches of the Money Laundering Act.
The case follows the Danish FSA's inspection, which highlighted systematic weaknesses in customer due diligence processes.
Nordea disputes both the findings and the proportionality of the proposed administrative fine.
The police investigation puts fresh regulatory pressure on Nordea Bank Abp, traded as HLSE:NDA FI, and its financing arm in Denmark...