meta_id 3419659

On August 19, 2026, Denmark's Financial Supervisory Authority (FSA) published an inspection report following an examination of Nordea Danmark, a branch of Nordea Bank Abp, Finland, conducted in January 2026. The FSA investigated the branch's anti-money laundering and counter-terrorism financing (AML/CTF) controls, with a specific focus on the Trade Finance business area. The FSA adopted a risk-based approach to examine customer due diligence procedures, including customer onboarding, updates, and ongoing maintenance of customer information and risk assessments. The FSA also reviewed the branch's ongoing monitoring of customers and transactions, including alert systems and investigation of suspicious transactions, as well as governance arrangements and internal controls governing Trade Finance transaction handling. The inspection identified deficiencies in the quality of customer due diligence applied to Trade Finance customers. The FSA determined that the branch did not maintain sufficient information on its Trade Finance customers, creating a risk of incorrect risk classification and inadequate monitoring of customer relationships. This deficiency is significant as it could result in the branch failing to identify and appropriately manage money laundering and terrorism financing risks associated with Trade Finance activities. As a result of these findings, the FSA issued a directive to Nordea Danmark requiring the branch to assess and obtain information regarding the purpose and intended nature of business relationships for its Trade Finance customers, where relevant. This directive is issued under Section 11, subsection 1, number 4 of Denmark's Anti-Money Laundering Act. REFERENCES: Financial Supervisory Authority (FSA). "Redegørelse om inspektion i Nordea Danmark, filial af Nordea Bank Abp, Finland (hvidvaskområdet)." August 19, 2026. Available at: https://www.finanstilsynet.dk/