The Danish FSA (Finanstilsynet) Strengthens Supervision within Anti-money Laundering and Counter Terrorist Financing

Published 20 January 2020

PrintCategory: Financial Regulation

The Danish FSA has announced that they are strengthening their supervisory activities within anti-money laundering and counter terrorist financing by implementing a number of new measures:

  • A joint risk score model, which will help the FSA assess which companies are in high risk of being misused for money-laundering or financing of terrorism, based on data reportable by the entities under supervision;
  • An inspection manual to help heighten and uniform the quality of the inspection;
  • A catalogue of supervisory methods which will be used to test supervisory activities other than inspections.

The new efforts aim at increasing the quality and efficiency of the Danish FSA’s supervision.

The press release from the Danish FSA is available here.

Tags:  KYC / AML


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