Nordea Receives Verdict in Case About Anti-Money Laundering Measures From 2012 to 2015
12 Articles
12 Articles
The prosecution demanded 6.6 billion kroner. Nordea was fined 155 million, and investors are sending the stock up
Nordea Fine for Flawed Laundering Controls Dodges Worst Case
Nordea Bank Abp avoided the worst-case scenario in Denmark’s first case of failures to prevent money laundering to be tried in court, with judges imposing a fine far below what prosecutors had sought.
Nordea is not the first bank to be accused of violating money laundering regulations. A verdict was handed down on Monday.
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SSS.fi
Financial services group Nordea has been fined twenty million euros for violations of money laundering regulations dating back more than ten years. The Copenhagen District Court's verdict on Monday shows that the court dismissed a large part of the charges. There were originally seven charges, of which the court acquitted Nordea of five. The bank was found to have been guilty of gross negligence in connection with the operations of certain money…
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