AML Intelligence: Denmark’s Jyske Bank fined €3.2m for CDD failings on 35 mortgage customers in southern Europe

Danish Jyske Bank has accepted a fine of just under DKK 24 million for failing to comply with Danish rules on preventing money laundering and terrorist financing between March 2010 and September 2021. It specifically concerns a portfolio of 35 clients with mortgages in southern Europe, Jyske Bank writes, adding that the loans were established before 2012. The portfolio is described as “a minor settlement portfolio”.