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Midweek Roundup: Denmark Raids Nordea Bank, Nordic Lenders Choose AI Over AML Staff, and More

Danish authorities raided Nordea Bank's offices in Copenhagen as part of an investigation into alleged violations of anti-money laundering rules by the Finnish lender's local affiliate, Reuters reported. More Nordea and Danske Bank executives told Bloomberg they plan to rely more on artificial intelligence and less on humans to screen transactions and review alerts of suspicious activity. More Swedbank suspended the chief executive and finance director of its Estonian affiliate amid an internal investigation into suspected illicit finance, the Financial Times reported. More Estonian investigators questioned three employees of local lender Tallinna Aripank as part of an investigation into alleged...

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