Reports to Danish regulator of suspect activities doubles in past year

Jonathan Boyd
clock • 1 min read

The number of referrals to the Danish State Prosecutor for Serious Economic and International Crime (Statsadvokaten for Særlig Økonomisk og International Kriminalitet (SØIK)) by banks and financial institutions jumped 55% to 41,000 through 2019, Finance Denmark (Finans Danmark) has noted. This follows recent years' work by the financial sector to upgrade its work around money laundering and terrorism financing. Finance Denmark estimated in November 2019 that there had been an incrase of some 1,200 to 4,300 staff in the industry working on money laundering and compliance. Ulrik Nødgaar...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.