© Reuters. Nordic, Baltic regulator boost anti-money laundering cooperation

STOCKHOLM (Reuters) – Nordic and Baltic financial regulators said on Wednesday that they would establish a permanent working group to boost joint efforts to combat money laundering and the financing of terrorism.

The establishment of the new group, which will include regulators in Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden, follows a number of high-profile money laundering scandals in the region.

“The group will maintain regular contact and exchange experiences and information with the goal of being more effective in the prevention of money laundering,” Sweden’s Financial Supervisory Authority said in a statement.

“Going forward, anti-money laundering supervision will be more coordinated in the Nordic-Baltic region,” it said.

Denmark’s Danske Bank said last year that 200 billion euros ($220 billion) of suspicious funds had moved through its Estonian branch between 2007 and 2015. Allegations have also linked accounts at Swedbank, Nordea and SEB with suspicious transactions.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

2019-05-08