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 relates to transactions of more than 26 billion Danish kroner ($3.8 billion). The Nordic bank, based in Helsinki, said in a statement that it doesn’t agree with the legal assessment concluded by the Danish authorities. 

Investigations into Nordea’s alleged violations of money-laundering rules started in 2016, and police subsequently received additional reports about flaws in the bank’s work to check transactions by Russian clients through a branch in Copenhagen. 

Read full report: https://www.bloomberg.com/news/articles/2024-07-05/denmark-files-charges-against-nordea-in-money-laundering-case