25 Mar 2019
Several banks operating in Norway made insufficient anti-money laundering risk assessments last year, the country’s Financial Supervisory Authority (FSA) said in its annual report on Friday.
While the FSA listed the banks that had been inspected, its report did not say which were found to have shortcomings.
Last November, the FSA criticized DNB, Norway’s largest bank, for not having sufficient systems in place to combat money laundering.
By Terje Solsvik, Reuters, 22 March 2019
Link to Reuters
You can claim CPD minutes for reading this article, by signing up to our CPD WalletFREE CPD Wallet