Friday, October 30, 2020

Money Launderers Could Begin Targeting Smaller Banks, Warns Denmark

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Denmark’s financial watchdog is warning that smaller banks need to be on high alert for signs of money laundering as larger lenders tighten their surveillance systems.

Jesper Berg, director general of the Financial Supervisory Authority in Copenhagen, said Denmark is concentrating on “building the lines of defense and having them stronger,” in an interview with Bloomberg Television’s Tom Keene and Anna Edwards.

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