Danish FSA Wants Eightfold Increase in Money Laundering Fines


September 10 2018

Denmark, whose largest bank is embroiled in the biggest money laundering scandal in the country’s history, is planning new legislation that will increase fines related to the crime by about eightfold.

A new bill proposes that perpetrators have to pay fines according to “the gravity and circumference of the offense” as well as their financial wealth, according to a draft published by Danish Financial Supervisory Authority.