Danish watchdog seeks Nordic banks’ help in probe of $2 billion fraud
06 Nov 2018

Denmark’s tax minister has asked the Danish Financial Supervisory Authority (FSA) to investigate whether Danske Bank, Nordea and SEB have handed over all relevant material in a $2 billion tax probe.

The tax ministry says it needs more information from the banks in order to advance its investigation into the alleged 12.7 billion Danish crown ($1.94 billion) fraud, which does not directly involve the banks.

It said there was no indication that the banks had committed fraud. The banks were not immediately available for comment.

In its statement the tax ministry said the FSA would investigate whether the banks sent all relevant information related to Denmark’s dividend tax to the authorities.

– By Reuters, 1 November 2018.

Link to Reuters.

You can claim CPD minutes for reading this article, by signing up to our CPD Wallet

FREE CPD Wallet
No Responses to “Danish watchdog seeks Nordic banks’ help in probe of $2 billion fraud”

You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.