Day: July 5, 2024

Written by FinCrime

Hong Kong Fines DBS Bank $1.3 Mn For Money-laundering Breaches

Reported by AFP – Agence France Presse The Hong Kong Monetary Authority fined the local arm of Singapore’s DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday. The HKMA said the bank failed to “continuously monitor business relationships and conduct enhanced due diligence in high […]

Written by FinCrime

Danish Police Charges Nordea in Money-Laundering Case

Reported by Leo Laikola and Sara Sjolin Danish police has filed charges against Nordea Bank Abp, in what its National Special Crime Unit says is the biggest money laundering case in the country to date.  The unit, which launched court proceedings after investigating the lender’s anti-money laundering controls in the 2012 to 2015 period, said that the case […]