The Organisation for Economic Co-operation and Development publicized its Phase 4 Report on Denmark’s efforts to combat corruption.
Spillemyndigheden, the Danish Gambling Authority, announced that the Ministry of Justice released a new national strategy to prevent and combat money laundering and terrorist financing.
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U.S. taskforce arrests Russian sanctions-evasion suspects, Denmark finalizes unprecedented AML fine, and more, in the midweek roundup.
Denmark Bags First AML Fine Against Financial Institution
Denmark’s Financial Supervisory Authority, or FSA, assessed its first-ever fine against a financial services company this month, extracting €165,000 from Forza Leasing, a car rental service, after an onsite inspection revealed significant anti-money laundering shortcomings.
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Spillemyndigheden, the Danish Gambling Authority, reprimanded the Swieqi, Malta-based entity for breaching the Anti-Money Laundering Act with respect to the rules on identification and risk assessment.
Spillemyndigheden, the Danish Gambling Authority, reprimanded the Copenhagen, Denmark-based entity and ordered it to update its risk assessment processes under the Anti-Money Laundering Act.
|Compliant : 6||High : 0|
|Largely Compliant : 32||Substantial : 3|
|Partially Compliant : 2||Moderate : 6|
|Non-Compliant : 0||Low : 2|
Denmark's technical compliance was re-rated in a Feb. 16, 2021 follow-up report.
|Rank : 8/110|
|Score : 3.46/10|
|Rank : 1/179|
|Score : 88/100|
|Rank : 97/133|
|Score : 45/100|