COPENHAGEN, Nov 28 (Reuters) – Denmark’s monetary watchdog has reported lender Jyske Financial institution (JYSK.CO) to the police for doable breach of anti-money laundering laws, it stated on Monday.
The Monetary Supervisory Authority (FSA) stated in a press release it amongst different issues had discovered “vital shortcomings” within the financial institution’s buyer due diligence measures.
Jyske Financial institution stated in a separate assertion: “Jyske Financial institution is now awaiting the police’s evaluation of the case. We are going to cooperate with the police on all points of the case, after which we hope for a fast choice.”
The financial institution noticed restricted danger that it had been exploited for cash laundering, it added.
Reporting by Stine Jacobsen, enhancing by Essi Lehto and Anna Ringstrom
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