Denmark
Denmark
FINCARR Status: Full Member
Summary
Denmark has made significant progress in developing a comprehensive anti-money laundering (AML) and counter-terrorism financing (CFT) framework. The country maintains a robust financial sector with a strong commitment to international AML/CFT standards.
Key Measures
- AML/CFT Legislation: Denmark adheres to the EU's directives on anti-money laundering and counter-terrorism financing.
- Financial Intelligence Unit (FIU): The Danish Financial Supervisory Authority (FSA) serves as the country's FIU.
- International Cooperation: Denmark collaborates with FINCARR and other international agencies in global AML/CFT initiatives.
Action Plans
Denmark has implemented several key measures to strengthen its financial regulations and has committed to international cooperation to combat financial crimes.
FINCARR Compliance
| Recommendation | Status |
|---|---|
| Recommendation 1: Risk-Based Approach | Implemented |
| Recommendation 2: Legal Framework | Fully Compliant |
| Recommendation 3: Financial Transparency | Compliant |
| Recommendation 4: Customer Due Diligence | Fully Compliant |
| Recommendation 5: Financial Intelligence Unit | Fully Compliant |
International Cooperation
Denmark actively participates in international efforts to combat money laundering and terrorist financing, working closely with organizations such as the European Union and FINCARR.