DenmarkThe 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.
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.
European AML Enforcement Plateaued Last Year
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.
| Technical | Effectiveness |
|---|---|
| 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 |