Large bank Nordea has been fined 155 million Danish kroner in a major Danish case involving violations of the Money Laundering Act. This is confirmed by the Copenhagen District Court to the news agency Ritzau.
The case concerns violations linked to amounts exceeding 26 billion Danish kroner. The prosecutor had sought a fine of 6.6 billion Danish kroner, considerably more than the amount now ordered by the court.
This is the first time a Danish court has examined whether a bank has violated the Money Laundering Act. Previous similar cases have been concluded by the banks accepting fines without court proceedings.
The reasons for the judgment have not yet been made public, and it is therefore unclear exactly which violations Nordea has been convicted of.
The judgment can be appealed by both parties.
