Midweek Roundup: Santander Hit With Norwegian Fine, Denmark Orders Saxo Bank to Enhance AML Controls, and More

Norwegian regulators imposed a $1 million fine on the local affiliate of Spanish lender Santander for failing to monitor 1.6 million transactions by 300,000 clients from 2014 to 2018, Reuters reported. More Denmark’s Financial Supervisory Authority ordered Copenhagen-headquartered Saxo Bank to improve its AML program, Finance Magnates reported. More U.S. regulators barred the ex-chief executive of Chicago-based Federal Savings Bank from the banking business after he was indicted for approving millions in loans to President Donald Trump’s former campaign chair Paul Manafort in exchange for a potential government post, American Banker reported. More Democratic lawmakers sued the Treasury Department for...