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nid 92538
May 15, 2026
tojuri@vixio.com
Denmark
Financial Supervisory Authority
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1970 charsDenmark's Financial Supervisory Authority Issues Enforcement Actions Against Bambora Denmark Following Anti-Money Laundering Inspection
On May 13, 2026, Denmark's Financial Supervisory Authority (Finanstilsynet) published an inspection report following an anti-money laundering inspection of Bambora Denmark, a branch of Swedish payment institution Bambora AB, conducted on December 10, 2025.
Bambora Denmark, registered as a payment institution branch since October 28, 2021, provides card acquiring services for Visa and Mastercard payment schemes, including payment terminal solutions for physical retailers and e-commerce platforms. Its customer base comprises small and medium-sized enterprises.
The inspection identified multiple compliance deficiencies, resulting in six enforcement orders. The authority found that Bambora Denmark failed to adequately assess the purpose and intended nature of business relationships, including the origin of funds, creating risk of money laundering and terrorism financing. The branch was ordered to establish more precise transaction intervals and implement enhanced customer due diligence for high-risk customers.
The inspection also revealed insufficient incorporation of industry and risk factors in customer risk assessments, inadequate monitoring of established business relationships, and failure to investigate suspicious transactions thoroughly or document investigation results. The authority ordered the branch to enhance its monitoring system to include specific information on expected customer transactions, ensure coverage of all identified risks including cash transactions and high-risk jurisdictions, and properly document all investigations.
Additionally, Finanstilsynet found that Bambora Denmark provided inaccurate reporting to the authority and failed to update customer information appropriately. The branch was ordered to correct all reported information from 2023 through the third quarter of 2025 and ensure accurate future reporting.
All enforcement orders reference relevant provisions of Danish anti-money laundering legislation.
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2039 charsDenmark's Financial Supervisory Authority Issues Enforcement Actions Against Bambora Denmark Following Anti-Money Laundering Inspection
On May 13, 2026, Denmark's Financial Supervisory Authority (FSA) published an inspection report following an anti-money laundering inspection of Bambora Denmark, a branch of Swedish payment institution Bambora AB, conducted on December 10, 2025.
Bambora Denmark, registered as a payment institution branch, provides card acquiring services for Visa and Mastercard payment schemes, including payment terminal solutions for physical retailers and e-commerce platforms.
The inspection identified multiple compliance deficiencies, resulting in multiple enforcement orders:
The branch has been ordered to assess and, where relevant, obtain information about the purpose and intended nature of the business relationship, including investigating the origin of the funds.
The branch has been ordered to ensure its risk assessment of customers includes all relevant risk factors, including those associated with the customers' industries.
The branch has been ordered to carry out customer due diligence procedures when a customer's relevant circumstances change, and otherwise at appropriate times
The branch has been ordered to include specific information about customers' expected transactions in its monitoring system, including the number and scope. In addition, the branch must ensure that its monitoring includes all identified risks, including cash transactions, high-risk industries and transactions with countries on the European Commission's list of high-risk third countries, and in the latter case, to carry out enhanced customer due diligence procedures for such customers.
The branch has been ordered to investigate all unusual activities and all complex, unusually large, or otherwise unusual transactions that lack an obvious economic or legal purpose. The branch must also record and store the results of its investigations.
The branch has been ordered to correct the information it has reported for 2023 and up to the third quarter of 2025. The branch must also ensure that it reports information correctly in the future.