Sunday, October 25, 2020

Nordic, Baltic regulator boost anti-money laundering cooperation

-

Nordic and Baltic financial regulators said on Wednesday that they would establish a permanent working group to boost joint efforts to combat money laundering and the financing of terrorism.

The establishment of the new group, which will include regulators in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, follows a number of high-profile money laundering scandals in the region.

“The group will maintain regular contact and exchange experiences and information with the goal of being more effective in the prevention of money laundering,” Sweden’s Financial Supervisory Authority said in a statement.

“Going forward, anti-money laundering supervision will be more coordinated in the Nordic-Baltic region,” it said.

- Advertisement -

Denmark’s Danske Bank said last year that 200 billion euros ($220 billion) of suspicious funds had moved through its Estonian branch between 2007 and 2015. Allegations have also linked accounts at Swedbank, Nordea and SEB with suspicious transactions.

- Advertisement -
- Advertisement -

MUST READ

Julius Baer to deny two former CEOs their bonuses over money laundering scandal

Julius Baer will withhold millions of francs in bonuses from its former chief executives Boris Collardi and Bernhard Hodler, as a result of a...

Goldman Sachs executives to cover part payments of $3 billion fines in 1MDB scandal

Nine current or former Goldman Sachs executives, including CEO David Solomon, will have to pay back hundreds of millions of dollars in compensation over...

Goldman Sachs agrees $3 billion settlement with US DoJ over 1MDB corruption scandal

Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) in the US to end a probe of its role in Malaysia's 1MDB corruption scandal. The...

Hong Kong fines Goldman Sachs $350 million over 1MDB scandal

Goldman Sachs ignored multiple red flags over the multibillion-dollar fundraisings it arranged for state fund 1Malaysia Development Berhad, Hong Kong’s financial regulator said on...

Texas attorney general Ken Paxton fires top aide who accused him of bribery

Lacey Mase, one of the top aides who accused Texas Attorney General Ken Paxton of crimes including bribery and abuse of office, has been fired, she told The...
Advertisement
Advertisement

Latest News

This Week

Rapper Nuke Bizzle charged with COVID-19 relief aid fraud after bragging in music video

A rapper who bragged about defrauding the government’s unemployment program in a music video has been arrested on federal charges of carrying out the...

Former North Macedonia PM linked to new money laundering probe

The Organised Crime Prosecution in North Macedonia on Monday confirmed the arrest of Risto Novacevski – the best man of fugitive ex-prime minister Nikola...

Fundraiser Elliott Broidy pleads guilty in foreign agent case linked to 1MDB

Major Republican Party and Trump fundraiser Elliott Broidy pleaded guilty Tuesday to acting as an unregistered foreign agent, admitting to accepting millions...

Goldman to pay over $2 billion in DOJ’s 1MDB Probe

Goldman Sachs Group Inc. has reached a long-awaited pact with the U.S. Department of Justice to pay more than $2 billion for the bank’s...
Advertisement

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks