Saxo Bank fined DKK313m in Denmark for AML breaches around 'white-label' trading

The Danish Financial Supervisory Authority (FSA - Finanstilsynet) has fined Saxo Bank, a leading lender in the Nordics, DKK313 million (US$49.8 million) for anti-money laundering failings, notably in relation to 'white label' banking transactions.

By Keith Nuthall

The Danish Financial Supervisory Authority (FSA - Finanstilsynet) has fined Saxo Bank, a leading lender in the Nordics, DKK313 million (US$49.8 million) for anti-money laundering failings, notably in relation to 'white label' banking transactions. [1]