Denmark Cracks Down on Money Laundering as Bankers Face Prison
- Minister in charge says plan is response to Panama Papers
- Danske and Nordea have both been reprimanded by the regulator
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Denmark is tightening its anti-money laundering laws in response to revelations in the so-called Panama Papers, with the government targeting tougher prison sentences for individual bank managers and consultants involved in breaches.
“We will not accept this in Denmark,” Business Minister Brian Mikkelsen told broadcaster TV2, after reaching an agreement with representatives from the governing coalition and the opposition.