Sweden sets Danske Bank urgent deadline to tackle AML failings

clock • 3 min read
Sweden sets Danske Bank urgent deadline to tackle AML failings

Danske Bank has not sufficiently assessed the risk of how the bank's products and services in Sweden may be used for money laundering and terrorist financing, and it must rectify these deficiencies no later than June 30, 2022, Sweden's financial regulator has said in a strongly worded notice on 20 October. The move comes as the bank awaits the outcome of investigations by US regulators and other organisations, though Denmark dropped all criminal charges against top executives earlier this ...

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