In the period 2012 to 2015, the bank must have violated the provisions of the law, reports the National Unit for Special Crime (NSK), on Friday.
The indictment covers matters that collectively include transfers for 26 billion Danish kroner.
The money laundering is said to have occurred, among other things, because Nordea has not investigated the bank’s Russian customers’ transfers sufficiently, and that Nordea has disregarded warnings regarding transfers to current accounts in Copenhagen, according to the indictment.
The case started with a report in 2016. Just before the case was due to go to court in 2019, the Danish Financial Supervisory Authority received new information concerning the bank’s “lack of control” with a large number of large Russian customers, according to NSK.
– The indictment in the case is the most comprehensive regarding violations of the Money Laundering Act that we have seen in the banking sector in Denmark. In our assessment, Nordea has disregarded its obligations in several cases, says Nathalie Ghiorzi Elias of NSK in a press release.
Nordea itself says in a press release on Friday that since 2015 they have spent eleven million Danish kroner on fighting financial crime.
– We have 3,400 employees who are primarily dedicated to this effort, says general counsel Anders Holkmann Olsen in Nordea Denmark.
Nordea also disagrees with NSK’s indictment, the press release also states.
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2024-07-07 11:57:51
