Aggregated News From Investment Management Regulators

Nordic and Baltic financial supervisors enhance cooperation to fight money laundering

Report/Flag

Please complete the required fields.



Heads of the Nordic and Baltic financial supervisors met today in Stockholm. They agreed on measures to enhance the cooperation between the authorities with the aim of fighting money laundering and terrorist financing.

Joint press release from the financial supervisors of Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden

As the first step in this process, the existing model for cross-border cooperation on anti-money laundering supervision will be strengthened. The authorities agreed on the following at the meeting:

  • A permanent working group will be established with representatives from each country’s financial supervisory authority: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania Norway and Sweden. The group will maintain regular contact and exchange experiences and information with the goal of being more effective in the prevention of money laundering. Going forward, anti-money laundering supervision will be more coordinated in the Nordic-Baltic region.
  • A Memorandum of Understanding (MoU) will be jointly drafted to formalise the continued, long-term cooperation.

Comment from Jesper Berg, Director General of the Danish FSA, on the joint press release:

“Today’s agreement marks a significant step forward in the combined Nordic-Baltic efforts to combat money laundering and terrorist financing. The agreement follows up on both recommendations made in our statement of January 29, 2019, on the Danske Bank case, and on the recent political agreement in Denmark of March 27, 2019, on strengthening the efforts against financial crime.”

Source link

Regulator Information

Abbreviation: DFSA
Jurisdiction: Denmark

Recent Articles

MEGA ROYAL BANK

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

Coin Value Bank

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

CITY NATIONAL PLC BANK

We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary...

prospectcapital (clone of FCA authorised firm)

Fraudsters are using the details of firms we authorise to try to convince people that they work for a genuine, authorised firm. Find out...

Reopening of Comment Period for Share Repurchase Disclosure Modernization

See a PDF of the proposed rule from the Securities and Exchange Commission (SEC US) here: Read more

Get the latest from Regulatory.News in your inbox!

×