Loomis restructures the physical foreign exchange (FX) business in Norway
In May 2019, a Danish journalist put forward allegations that a Loomis subsidiary had delivered currency to foreign exchange offices in Denmark, of which a few were suspected to be involved in money laundering. The foreign exchange business in Denmark was conducted by Loomis Foreign Exchange AS in Norway (Loomis FX). Loomis ambition is to always secure compliance with rules and regulations and Loomis has high standards for ethical guidelines. This applies to corporate governance as well as risk management within operations and other areas. Therefore, Loomis immediately initiated an