By Najiyya Budaly (October 20, 2021, 11:17 BST) – Sweden’s financial watchdog said on Wednesday that it has found shortcomings in how Danske Bank assesses the risk that its products and services are used for money laundering and terrorist financing in the country.
Finansinspektionen, known as FI, called on Danske Bank A / S to remedy the shortcomings at the end of June 2022. The supervisory authority said that it found in an investigation in June 2020 about the lender’s compliance with money laundering rules that there were shortcomings in its work.
Danske has rectified certain failures since the investigation and has drawn up a plan to improve its assessment of general risk, …
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