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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学国际金融学院教授,中国反洗钱研究中心执行主任,陆家嘴金...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
武汉中南财经政法大学信息安全学院教授。长期专注于反洗钱/反恐...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
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上传时间: 2019-07-22      浏览次数:953次
AML Expenses Eat Into Nordic Lenders’ Profits


https://www.pymnts.com/news/banking/2019/aml-costs-nordic-banks/

 

Anti-money-laundering compliance controls have impacted Nordic banks’ bottom lines.

The region’s largest financial institutions -Swedbank AB, Nordea Bank ABP and Danske Bank A/S-have had to spend a good chunk of money on new compliance systems and the hiring of staff members after all have faced allegations of moving dirty money.

“The banks in my view that will be successful in the future are the banks that tackle compliance issues head on,”said Chris Vogelzang, Danske’s CEO, according to The Wall Street Journal.

Last year, Danske revealed that more than $230 billion in suspicious funds, mostly from Russia, moved through a small branch in Estonia. As a result, Denmark’s biggest bank is being investigated by several countries, including the U.S., and could get hit with massive fines. And in May, Thomas Borgen, the bank’s former chief executive, became the first person to be charged in relation to the scandal.

Investments in additional compliance staff and technology pushed quarterly expenses higher, and will continue to do so in the months ahead. Danske’s operating costs, for example, during the first six months of this year increased 12 percent from a year earlier.

Last week, Nordea’s CEO said that the bank’s spending on compliance systems has recently stabilized, but that it is currently looking into ways to improve compliance through automation.

“We were behind the game in the beginning,” Casper von Koskull said. “But now I think we are partly ahead of the game, at least compared to some.”

And Swedbank revealed that its expenses went up 12 percent from a year earlier, mostly from investments in compliance, as well as an investigation by an external law firm into past issues.

“I am not in a position, and I don’t think any other CEO of any bank would be in a position, to say that everything looks dandy today,” said Anders Karlsson, acting president and CEO of Swedbank.