Financial Crime Financial Crime

Danish bank, insurer acquisitions don’t get proper money laundering checks, EBA report says (*update)

By Jack Schickler
  • 24 Aug 2021 10:45
  • 25 Aug 2021 03:50
Acquisitions of banks and insurers in Denmark don’t face proper money-laundering checks on the source of funds, the European Banking Authority said in a report today. 

A peer review carried out by the EU banking watchdog vowed to toughen up anti-money laundering guidelines, as well as the procedures that apply to complex purchases

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