Nordea fined 23 million over laundering controls
A Copenhagen court has fined Nordea 155 million Danish crowns for failing to comply with anti-money laundering controls between 2012 and 2015. The bank was found partially guilty on two of seven counts. Nordea stated it will review the verdict before deciding on an appeal.
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A Copenhagen court fined NORDEA BANK ABP $23.14 million on Monday for failing to comply with anti-money laundering controls between 2012 and 2015. The penalty represents a fraction of the 6.6 billion crowns sought by prosecutors in Denmark. The decision impacts the bank's regulatory standing as authorities tighten oversight on financial institutions handling transactions linked to Russia.
