Denmark: FSA Publishes Proposals for Strengthening Money Laundering Measures

On January 29, 2019, the Danish Financial Supervisory Authority (FSA) published a report which summarises proposals for improvements to anti-money laundering measures in relation to the supervision of Danske Bank as a result of the recent money laundering case at an Estonian branch.

Accompanying the report are 23 proposals for strengthening the Money Laundering Authority and the FSA’s work, with the proposals following four key categories.

Categories 1 and 2 are the direct result of the FSA's decision on Danske Bank on May 3, 2018, to address the shortcomings found in Danske Bank’s lines of defence and to improve the policy that provides protection for whistleblowers.

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