The black money can be made into white is ultimately about people get really bad. Financing of terrorism is also a threat that has become an increasingly serious, a million dollars can cause extremely much damage in the wrong hands. Therefore, all attempts to reduce money laundering worth applauding.
The result of the FI’s review is scary. The bank palaces around the Royal Garden have every reason to be ashamed. Two of the four major Swedish banks, Nordea and Handelsbanken, has apparently not taken the issue seriously or even managed to comply with the new laws and regulations that come to the area. It is disheartening.
As for Nordea so, it is astonishing that it is still unable hygiene factor to comply with applicable legislation.
The bank has had repeated laundering problems in recent years. This is the third review in four years. In June 2010, one criticism of inadequate procedures and reporting. In April 2013 it was time again, then you had to tougher criticism because of the bank’s handling of a million scrolling around TeliaSonera’s business with the notorious regime in Uzbekistan. According to FI, Nordea had missed the necessary controls required when a person, who was linked to the company Takilant, had opened an account in Nordea and brought over 200 million there.
Even Handelsbanken get their routines disallowed by FI. Even if the fine is lower than Nordea, it is noteworthy that the bank is not done more. That usually beat his chest and say that it has Sweden’s most profitable customers should in the bot give a clear aftertaste.
The Financial Supervisory audit has focused on high-risk groups and foreign customers with influence. Although management of Swedish customers in “private banking” has been included. It is obvious that it is there that it ruptured, the banks seem to have tiptoed on the toe and avoided the tough questions.
Why is it so hard for some of the major banks to follow the rules ? Likely it is that it is unpleasant. It can be really uncomfortable to interrogate their customers about where the money comes from. There will be a large number of cursed customers in the process if we are to be thorough.
And sure, that bank customers be uncomfortable to have to report where they got the money from and what they will be used. Although the money in most cases is honorable deserved so discredited it. It is, however, only to bite the bullet and see the impertinent questions as a community and hope that the bank clerk is equally zealous in its questions to all customers.
For any bank feel they have afford to spice up their profits to shareholders with suspected money laundering?
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