Nordea Fined DKK 155m Over AML Controls

A Danish court fined Nordea DKK 155 million (about €20 million) over deficiencies in its anti-money-laundering processes and controls from 2012 to 2015, acquitting the bank on five of seven counts. Prosecutors had sought DKK 6.6 billion. Nordea has stressed that it was not charged with laundering money or assisting in money laundering, and says it is adequately provisioned, so the ruling has no immediate financial impact. The bank is reviewing the verdict before deciding whether to appeal; the initial appeal period is two weeks.