After Danske, New Dirty Money Risk Seen in Payment Services
- Nordea highlights suspicious payments from Russia to Caribbean
- Nordic banks are under pressure to improve compliance setups
Copenhagen
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
As one avenue for money launderers is shut, another one may be opening.
In Denmark, home to Danske Bank A/S, the authorities are now taking a closer look at companies that provide payment services. The worry is that the chain of processes behind each payment is becoming so complex that criminals might be able to hide their illicit transactions.