Denmark’s National Unit for Serious Crime seek a record €880M fine against Nordea over alleged AML failings linked to €3.5B in suspicious transactions tied to Russian-linked laundering schemes

The case centres on claims that the bank processed more than €3.5 billion in potentially suspicious transactions, many connected to Russian-linked currency exchange schemes and wider “laundromat” typologies involving high-risk jurisdictions. Authorities allege that Nordea’s controls were insufficient to prevent money laundering risks, making this one of the largest AML enforcement actions in Denmark’s history. The bank has previously set aside provisions for the case but disputes aspects of the allegations…