Handelsbanken Scolded Over Money Laundering, Terrorist Financing Weaknesses

Danish regulators have instructed Handelsbanken, one of the largest banking groups in the Nordics, to bolster its defences against money laundering and terrorist financing after an on-site inspection.

Finanstilsynet, Denmark’s Financial Supervisory Authority (FSA), revealed on Thursday that it had carried out a review of the Sweden-headquartered bank’s Danish branch in March this year.

Handelsbanken is the fifth largest bank active in the country, the regulator said, and at group level is among the largest in the region.

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