03 Dec 2018
Norway’s Financial Supervisory Authority (FSA) has reportedly found that DNB Bank has insufficient money laundering controls, following an audit of the bank.
The watchdog is understood to have written to the bank expressing its concern that anti-money laundering compliance “remains insufficient,” and said it expects that the issue will prioritised.
“A DNB spokesman said the bank gives high priority to fighting economic crime, while adding that the FSA audit had not uncovered any concrete examples of money laundering taking place,” Reuters said.
Advance your CPD minutes for reading this article, by signing up and using the CPD WalletFREE CPD Wallet