Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have had to spend a good chunk of money on new compliance systems and the hiring of staff members after all...
Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in Reuters. The bank has been under investigation since 2016, and it took a 95 million euro provision in April for...
The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27 is a joint initiative created by Danske Bank, Handelsbanken, Nordea, OP Financial Group, SEB and Swedbank that aims to link...
Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. According to a report in Reuters, citing Finnish broadcaster Yle, which had access to leaked documents, the money came from companies registered in...
July 21, 2019
Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines. The region’s largest financial institutions — Swedbank AB, Nordea Bank ABP and Danske Bank A/S— have had to spend a good chunk of money on new compliance systems and the hiring of staff members after all have faced allegations of moving dirty money. “The banks in […]
June 17, 2019
Nordea Bank’s Danish headquarters was raided and searched by the country’s state prosecutor for potential ties to illegal money laundering, according to a report in Reuters. The bank has been...
May 28, 2019
The Nordic’s P27, a bank-owned initiative to create a common payments platform across the region, is looking into buying Swedish clearing payment firm Bankgirot. P27 is a joint initiative created...
March 04, 2019
Nordea, the biggest bank in the Nordic region, is being accused of handling millions of dollars in suspicious transactions for several years. According to a report in Reuters, citing Finnish...
