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.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.