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 ...

Bloomberg The Hermitage Capital Management co-founder who’s become an activist in the fight against money laundering says Sweden’s decision not to pursue his case against Swedbank AB because of a statute of limitations won’t stop him seeking other avenues. Bill Browder, whose criminal complaints against Danske Bank A/S were followed by investigations in multiple jurisdictions, says the Swedish decision was ...

Bloomberg Geneva prosecutors are investigating a former back-office employee of Banque Pictet over allegations the person stole millions of dollars from Switzerland’s biggest privately-owned bank. An investigation was opened on March 19 into suspicions of fraud and breach of trust, according to a spokeswoman for the Geneva prosecutor’s office. She declined to give further details and the person’s name has ...