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Bloomberg
Denmark’s financial watchdog is warning that smaller banks need to be on high alert for signs of money laundering as larger lenders tighten their surveillance systems.
Jesper Berg, director general of the Financial Supervisory Authority in Copenhagen, said Denmark is concentrating on “building the lines of defense and having them stronger,†in an interview with Bloomberg Television.
Denmark’s biggest bank, Danske Bank A/S, is at the centre of what may be Europe’s worst ever money laundering case. Danske said last year that a large chunk of $230 billion in transactions done via an Estonian unit was suspicious.