Financial Crime Financial Crime

Comment: Banks should listen to Norway's word in the ear on money-laundering controls

By Martin Coyle
  • 04 Mar 2020 11:13
  • 04 Mar 2020 11:17

Banks are getting a sharp lesson in the power of big investors to push for better money-laundering defenses, with Norway's trillion-dollar oil fund quizzing more than a dozen of them to tighten up.

The sovereign wealth fund has spoken to 14 lenders in the past year — Citigroup was the only one named

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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