Denmark’s top financial supervisory body publishes a new report to help companies fight financial crimes in line with AML directives - AML Intelligence
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Denmark’s top financial supervisory body publishes a new report to help companies fight financial crimes in line with AML directives

While made with the highly digitised nature of Danish society in mind, the initiatives are also applicable to other European countries and “could serve as an inspiration towards better, more automated processes and a higher harmonisation of KYC procedures in the EU.”

By Vish Gain for AML Intelligence

A NEW REPORT by the Danish Financial Supervisory Authority has identified initiatives that can help support companies and financial institutions in their fight against money laundering and terrorist financing.

The development of digital infrastructure and strengthening know-your-customer procedures have been highlighted as the first line of defence against financial criminals.

The analysis, now open to public consultation, is a result of an agreement reached in the Danish parliament in 2019 on the country’s need to ramp up their AML/CTF fight.

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