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Danish court fines bank DKr 155m for AML failings

Logo of Nordea bank in Copenhagen Denmark.
Photo: Francis Dean/Corbis via Getty Images

The bank failed to comply on two counts under the Money Laundering Act.

Following a 10-year-case, Copenhagen City Court has now fined the bank Nordea DKr155m ($23.2m) for failing to have proper anti-money laundering processes and controls in place between 2012 and 2015.

The court found the bank partially guilty of two of seven counts, which included various obligations under the Money Laundering

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