Nordea Bank Probed for Lax Money Laundering Checks

Danish financial regulators have accused Nordea Bank of inadequate money laundering checks for credit card customers, prompting a police investigation. The Financial Supervisory Authority (FSA) found that Nordea failed to conduct proper due diligence on a large group of customers, leaving them vulnerable to potential risks of terror financing. The banks lack of risk ratings and classifications for this customer group has raised concerns about oversight and compliance with regulations. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6e4f6c321cf3e4e1