DNB to Be Fined $48.1 Million for Anti-Money-Laundering Inadequacies
Dominic Chopping, 03 May 2021
DNB AS A on Monday confirmed that Norway’s financial supervisory authority, Finanstilsynet, will impose a fine of 400 million Norwegian kroner ($48.1 million) for inadequate compliance with anti-money-laundering rules and legislation.
Norway’s largest lender said in December that the fine was a possibility. It has already recorded the fine in its annual accounts for 2020.
Finanstilsynet has also published a report on investigations into Samherji, an Icelandic fisheries company that had been accused of money-laundering and corruption. Continue reading “Article: DNB to Be Fined $48.1 Million for Anti-Money-Laundering Inadequacies”
