15 Mar 2019
Denmark’s financial watchdog said on Wednesday a Danish branch of Swedish bank SEB should obtain additional information on customers associated with high money-laundering risk as part of a check-up on the bank.
“The Financial Supervisory Authority (FSA) estimates that the branch’s inherent risk of being misused for money laundering or financing of terrorism is normal to high in relation to the average of financial businesses in Denmark,” the watchdog said in a statement.
The FSA carried out its checks on the Danish branch of SEB Kort Bank AB in March 2018 and has just published its findings. SEB Kort Bank is a wholly-owned subsidiary of SEB.
– By Reuters, 13 March 2019.
Link to Reuters
You can claim CPD minutes for this content, by signing up to our CPD WalletFREE CPD Wallet