Swedbank to adapt processes and routines in Denmark in accordance with the Danish FSA’s decision
As part of its regular supervision in Denmark, the Danish Financial Supervisory Authority (DFSA) has decided that Swedbank’s Danish branch must adapt its internal anti-money laundering/counter-terrorism financing (AML/CTF) routines and processes to fully comply with local regulations.In recent years, Swedbank has updated the routines and processes used in AML/ CTF work at the Group level. But the modifications at the branch in Denmark have not been made quickly enough. “We respect and concur with the DFSA’s decision. In accordance with our Group-wide framework, we will now establish a